2024 UK-Peru Joint declaration
Published 17 May 2024
© Crown copyright 2024
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at https://www.gov.uk/government/publications/peru-tax-treaties/2024-uk-peru-joint-declaration
After discussions over the course of several years between His Majesty’s Revenue and Customs and the Ministry of Economy and Finance of Peru on a Double Taxation Agreement (DTA), the United Kingdom and Peru welcome the conclusion of the negotiation of a DTA. Both Countries look forward to the signature of the treaty in the coming months. Once signed, the treaty will be brought into effect in each country following the completion of the procedures required by law to bring it into force.
A DTA is a bilateral treaty to address how each country will tax cross-border income, prevent tax avoidance and evasion, and provide relief from double taxation. A DTA establishes limits on how each country’s domestic legislation can tax cross border income such as payments of dividends, interest and royalties.
A DTA has been a consistent ask of businesses in both the UK and Peru. The signing of an agreement will have an important role to play in increasing cross-border trade and investment, providing long term certainty and stability to business, and in enhancing our bilateral relationship.