🇵🇪 Jährliche Compliance — Peru

Ignoring Peru's political instability when planning long-term investments

Fix: While Peru's economy has been resilient through political turmoil, regulatory changes can occur with new administrations. Structure contracts with appropriate force majeure and change-of-law provisions. Maintain relationships with local legal counsel who can advise on political developments.

Underestimating SUNAT's audit and compliance requirements

Fix: SUNAT (the tax authority) is increasingly sophisticated and conducts regular audits, particularly of companies with foreign shareholders. Maintain meticulous records, file all returns on time, and work with a reputable Peruvian accounting firm from day one. Transfer pricing documentation is required for related-party transactions.

Assuming Special Economic Zone benefits apply automatically

Fix: CETICOS zones require formal application, qualifying activities (primarily industrial and manufacturing), and location within the designated zone areas in southern Peru. The benefits do not apply to service companies in Lima. Verify eligibility and commit to the geographic requirement before planning around zone incentives.