5% or 30%: That is the question! Tax treatment of capital gains from the sale of shares on the Lima Stock Exchange

This article aims to analyze the application of the reduced rate of 5% on capital gains obtained by non-domiciled parties from operations on the Lima Stock Exchange. From a strictly legal perspective, the application of this reduced rate is subject to the fulfillment of two specific requirements tha...

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Detalles Bibliográficos
Autores: Núñez Ciallella, Fernando, Robles Ramírez, Vicente
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2019
País:Perú
Institución:Pontificia Universidad Católica del Perú
Repositorio:Revistas - Pontificia Universidad Católica del Perú
Idioma:español
OAI Identifier:oai:ojs.pkp.sfu.ca:article/22639
Acceso en línea:http://revistas.pucp.edu.pe/index.php/themis/article/view/22639
Access Level:acceso abierto
Palabra clave:capital gains
Lima Stock Exchange
non-domiciled subjects
income tax
Tax Court
ganancias de capital
Bolsa de Valores de Lima
sujetos no domiciliados
impuesto a la renta
Tribunal Fiscal
Descripción
Sumario:This article aims to analyze the application of the reduced rate of 5% on capital gains obtained by non-domiciled parties from operations on the Lima Stock Exchange. From a strictly legal perspective, the application of this reduced rate is subject to the fulfillment of two specific requirements that do not merit greater doubt as to their compliance. However, a recent Tax Court ruling would seem to introduce a series of additional requirements that would affect the application of the 5% rate and that would put non-domiciled investors in a situation of uncertainty.