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The comprehensive guide to the world's leading tax firms

Hernández & Cía is extremely well respected by competitors. "The whole team is very good but Luis Hernández is outstanding", said one. The firm's strong presence in tax litigation in the past year has catapulted the firm into a well deserved tier one ... [more]

Hernández & Cía is extremely well respected by competitors. "The whole team is very good but Luis Hernández is outstanding", said one. The firm's strong presence in tax litigation in the past year has catapulted the firm into a well deserved tier one ranking. The group of four partners and six associates all handle work on many different types of tax issues, for both pure tax clients and in support of the other practice groups at the firm. This year the firm provided a tax solution to a problem faced by all insurance companies due to discriminatory tax treatment regarding exchange rate differences generated by investments made to back up technical reserves. The group also represented Union de Cervecerias Backus y Johnston, a beverage company, in an important appeal procedure before the tax court regarding an assessment on the income tax of the company.

PricewaterhouseCoopers has "gained a larger market quota," over the last year, said a market observer. The firm has increased its litigation practice and advises the majority of multinational companies that have operations in Peru, with particular strength ... [more]

PricewaterhouseCoopers has "gained a larger market quota," over the last year, said a market observer. The firm has increased its litigation practice and advises the majority of multinational companies that have operations in Peru, with particular strength in the banking sector. This year the team advised on the structuring for the acquisition of Electroandes, an electricity generating company in a transaction valued at about $280 million. The group also structured the concession model of the Transoceanic highway between Peru and Brazil.

The tax team at Rodrigo, Elias & Medrano Abogados is considered "one of the most important" in the country, reported several market commentators. Founding partner Humberto Medrano is individually highlighted as a leading individual at the firm. The tax ... [more]

The tax team at Rodrigo, Elias & Medrano Abogados is considered "one of the most important" in the country, reported several market commentators. Founding partner Humberto Medrano is individually highlighted as a leading individual at the firm. The tax group is one of the largest in a Peruvian law firm, with between 10 and 15 lawyers, the team attracts stand-alone tax clients, which is rare in Peru. The firm has been involved in several significant tax litigation cases against the Peruvian tax authorities this year and also advised Credit Suisse in a $120 million transaction.

Ernst & Young added three new associates this year, bringing the tax team to over 100 practitioners. The team has expertise in international taxation matters, handling both outbound and inbound transactions. Another strength for the firm is tax controversy, ... [more]

Ernst & Young added three new associates this year, bringing the tax team to over 100 practitioners. The team has expertise in international taxation matters, handling both outbound and inbound transactions. Another strength for the firm is tax controversy, with about 250 tax cases being handled at the time of going to press. This year the group provided training for the Peruvian tax authorities, assisting with a practical approach to audit tactics. The firm also advised several Peruvian companies in outbound transactions, a difficult area where a lack of specific provisions in the domestic income tax rules requires deep interpretation and innovation to attain the desirable outcome. Clients highlight Andrés Valle, Roberto Cores and Elizabeth Rosado for individual merit, saying that they "allow us to find creative, prudent and sophisticated solutions [to tax problems]."

Estudio Echecopar this year advised Nexans Group, a French copper and fibre-optic wires and cabling systems manufacturer, on the tax consequences of the corporation's capital stock restructure. The team also advised industrial manufacturer Teknoquímica's ... [more]

Estudio Echecopar this year advised Nexans Group, a French copper and fibre-optic wires and cabling systems manufacturer, on the tax consequences of the corporation's capital stock restructure. The team also advised industrial manufacturer Teknoquímica's shareholders on the sale of the company's stock to competitor CPPQ. The firm assists both foreign and local clients and has strong specialist advisers in both litigation and transaction work.

The tax group at Estudio Rubio Leguia Normand & Asociados, has been boosted with the arrival of new partner, César Luna Victoria, and three new principal associates. The practice has also added some important clients to its regular tax advisory work, ... [more]

The tax group at Estudio Rubio Leguia Normand & Asociados, has been boosted with the arrival of new partner, César Luna Victoria, and three new principal associates. The practice has also added some important clients to its regular tax advisory work, such as Perenco, a French petroleum company with the biggest reserves of oil in Peru; Anglo American, a mining company with two of the biggest world-class mining projects and Pacifico Vida, the leading company in the Peruvian life insurance industry. The team has also been very active providing tax planning to prominent international investment banks in connection with the structuring of their financial services, including Credit Suisse and Merrill Lynch. The firm has been engaged to represent a telecommunications company in one of the first transfer pricing litigation cases, worth $5 million, to be heard before the tax court.

Market observers note that Deloitte has "increased its participation in the market in the fields of transfer pricing and tax compliance". The firm has a group equipped to handle the large compliance tasks associated with big companies.

Estudio Ferrero Abogados offers clients assistance with tax advice and planning relating to all the major taxes in Peru, tax audits, litigation and transactional tax issues. The firm has a varied client list with one market commentator noting a particular ... [more]

Estudio Ferrero Abogados offers clients assistance with tax advice and planning relating to all the major taxes in Peru, tax audits, litigation and transactional tax issues. The firm has a varied client list with one market commentator noting a particular strength in relation to clients in the mining industry.

Muniz, Ramirez, Perez-Taiman & Olaya recently lost the head of its tax group, César Luna Victoria, to Estudio Rubio. The firm advises clients in due diligence processes and tax audits, and negotiates, on their behalf, the payment of tax debts by instalments. ... [more]

Muniz, Ramirez, Perez-Taiman & Olaya recently lost the head of its tax group, César Luna Victoria, to Estudio Rubio. The firm advises clients in due diligence processes and tax audits, and negotiates, on their behalf, the payment of tax debts by instalments. The group also represents clients in procedures brought to the tax administration and the judiciary.

At Miranda & Amado Abogados – Taxand, Rocio Liu is well regarded by competitors. This tax group is a relative newcomer to the market and is well received, with one leading adviser noting that the group's "experience and knowledge of the market has expanded ... [more]

At Miranda & Amado Abogados – Taxand, Rocio Liu is well regarded by competitors. This tax group is a relative newcomer to the market and is well received, with one leading adviser noting that the group's "experience and knowledge of the market has expanded in past year". The firm this year advised on an arbitration action filed before the International Centre for Settlement of Investment Disputes by Duke Energy International Peru Investments against the Peruvian government, based on a breach by the latter of the legal stability agreement it executed with Duke. This established a new precedent for obtaining successful results in international matters. The firm also gave tax advice to Interbank, Peru´s third largest bank, in a $200 million bond issue secured by diversified payment rights for the first time.

Rebaza Alcazar & De Las Casas Abogados Financieros started as a boutique finance law group and has grown to include other practice areas. Market observers note the hiring of Walther Belaúnde as a positive step for the firm as he brings with him tax-related ... [more]

Rebaza Alcazar & De Las Casas Abogados Financieros started as a boutique finance law group and has grown to include other practice areas. Market observers note the hiring of Walther Belaúnde as a positive step for the firm as he brings with him tax-related expertise in the important mining industry.

Tax boutique Zuzunaga & Assereto Abogados advises clients in both international and national tax matters, including planning, M&A, reorganisations and controversy.