Peru: Deadline for filing the Ultimate Beneficial Owner report for legal entities (due October 2024)

26 Jun 2024    2 minute read

In brief

Funds, trusts

Through Tax Resolution No. 000140-2024, the due date for legal entities to file the Ultimate Beneficial Owner (UBO) report has been extended.

Previously, the UBO report had to be filed in July, now it must be filed in October.

Contents

Reporting parties Criteria Due date
Legal entities1 Registered in the Peruvian Tax Registry (RUC) as of 30 September 2024. 16 to 24 October 2024


Violations, fines and joint and several liability

Violation Fine Joint and several liability
Failure to submit the UBO report or filing it in an incomplete manner or including false information.

0.6% of the company's Net Revenues

 

No less than 5 Tax Unit = PEN 25,750.00 or USD 6,850.00 up to a maximum of 50 Tax Units= 257,500.00 or USD 68,250.00 approx.

 It will be presumed, unless proven otherwise, that the legal representatives of companies that fail to file the UBO report are guilty of fraud, gross negligence or abuse of authority and, therefore, are jointly and severally liable for the company's tax debts.
Failure to comply with UBO due diligence requirements. N/A


Do not hesitate to contact us to support you in determining the beneficial owners, submitting the declaration and in the due diligence process to keep the information to be declared up to date.

Spanish version

1 Legal entities are considered to be investment funds, mutual funds for investment in securities, trust funds domiciled in Peru, trusts or trust funds incorporated or established abroad with an administrator or protector domiciled in Peru, and consortiums, among others.

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