On Thursday August 2nd the Executive published in the Official Gazette four legislative decrees related to tax reform, which aim to combat tax evasion and money laundering. These decrees were adopted within the framework of the legislative powers granted by Congress to the Executive The Minister of Economy and Finance, Carlos Oliva, said that eight additional decrees will be issued in the coming days.

• Legislative Decree No. 1369: it incorporates clarifications on “transfer pricing”, understood as prices in transactions between a parent company and its subsidiary, when they are in different countries.  
• Legislative Decree No. 1370: promotes the use of electronic vouchers and  will allow the National Superintendency of Customs and Tax Administration (Sunat) to act as an intermediary in the issuance of electronic invoices and receipts.  
• Legislative Decree No. 1371: contains new precisions on certain financial instruments related to the real estate sector.
• Legislative Decree No. 1372: which deals with the figure of the ‘final beneficiary’ and provides that when a company is registered, the person behind the company or the company that owns the company must be identified.

Furthermore, Law No. 30835 was also published in the Official Gazette on August 2nd, amending Law No. 30424, which regulates the administrative liability of legal persons for the crime of transnational active bribery. This law was passed by Congress on June 26th, 2018.