Peru has nine tax agreements in force, as reported in its response to the Peer Review questionnaire, including the Decision 578 of the Andean Community Commission (Decision 578) for the members of the Andean Community (the Andean Community Agreement).1 One of those agreements, the agreement with Japan, complies with the minimum standard.
Peru signed the MLI in 2018 and listed its non-compliant bilateral agreements. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Peru indicated in its response to the Peer Review questionnaire that it is currently renegotiating the Andean Community Agreement to implement the minimum standard. Peru further indicated that steps had been taken (other than under the MLI) to implement the minimum standard in its agreements with Brazil and Switzerland.
Peru is implementing the minimum standard through the inclusion of the preamble statement and the PPT.2