The amendments incorporate new methodologies for determining the fair market value (FMV) of Peruvian shares in direct transfers.

On 26 March 2022, Peru’s President enacted Legislative Decree 1539, amending the Income Tax Law to modify the FMV rules for direct transfers of Peruvian shares.

Background

On 27 October 2021, Peru’s President asked Congress for the power to enact tax measures. On 27 Decemb…