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

• Autores: Núñez Ciallella, Fernando, Robles Ramírez, Vicente
• Formato: artículo
• Fecha de Publicación: 2019
• Institución: Pontificia Universidad Católica del Perú
• Repositorio: Revistas - Pontificia Universidad Católica del Perú
• Lenguaje: español
• OAI Identifier: oai:revistaspuc:article/22639
• Enlace del recurso: http://revistas.pucp.edu.pe/index.php/themis/article/view/22639
• Nivel de acceso: acceso abierto
• Materia: 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

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.