SolvedDT15253 | Double Taxation Relief Manual: Peru: treaty summary
From HM Revenue & Customs · Double Taxation Relief Manual
Treaty summary
The table summarises the provisions of the treaty as they relate to income beneficially owned by UK residents. The rate shown is the ‘treaty rate’ and does not reflect taxes chargeable under domestic law before relief is given under the provisions of the treaty. The ‘treaty rate’ is the maximum rate at which Peru is permitted to tax income in the relevant categories under the treaty. Rates chargeable under domestic law may be higher or lower.
In all cases other conditions for relief (e.g. beneficial ownership) will have to be met before relief is due under the treaty. The text of the treaty itself should be consulted for the full details. The text of the treaty can be found on gov.uk.
| Subject | Comments | Article |
|---|---|---|
| Portfolio dividends | 10% | 10 |
| Dividends on direct investments | 10% | 10 |
| Property income dividends | 15% | 10 |
| Interest | 10%/0% | 11 |
| Condition for 0% rate on interest | Applies to interest paid, received, secured or guaranteed by the state of Peru, or by its political subdivisions, its local authorities or its central bank | 11 |
| Royalties | 15% | 12 |
| Government pensions | Taxable only in Peru unless the individual is a resident and national of the UK. | 19 |
| Other pensions | Taxable only in the UK. | 18 |
| Arbitration | No | N/A |