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Press Release

Japanese

January 14, 2021

Ministry of Finance

Tax Convention with Peru will Enter into Force

[Provisional translation]

1. On December 30, 2020, mutual notifications necessary for the entry into force of “Convention between Japan and the Republic of Peru for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance” (signed on November 18, 2019) were completed between the Government of Japan and the Government of the Republic of Peru.

2. This Convention, accordingly, will enter into force on January 29, 2021 (the thirtieth day after the date of completion of the mutual notifications) and will have effect:

  (a) in Japan:

      (i) with respect to taxes levied on the basis of a taxable year, for taxes for any taxable years beginning on or after
          January 1, 2022; and

      (ii) with respect to taxes levied not on the basis of a taxable year, for taxes levied on or after January 1, 2022; and

  (b) in the Republic of Peru:

      with respect to taxes on income obtained and amounts paid, credited to an account, or accounted as an expense,
      on or after 1 January, 2022.

 The provisions concerning exchange of information and assistance in the collection of taxes will have effect from the following dates, without regard to the date on which the taxes are levied or the taxable year to which the taxes relate.

  (a) with respect to the provisions of the exchange of information, January 29, 2021; and

  (b) with respect to the provisions of the assistance in the collection of taxes, the date to be agreed between the
       Governments of the two countries through an exchange of diplomatic notes.


【Reference】 Texts and Outline of the Convention

・“Convention between Japan and the Republic of Peru for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance”(Japanese(PDF:357KB)English(PDF:139KB)

・Outline of the Convention.
Tax Convention with Peru was Signed (November 19, 2019)

Contact

Tel 03(3581)4111
International Tax Policy Division, Tax Bureau (ext. 5007,5335 )