Peru

Reviews

Practice area

World Tax Reviews

Tax
CMS Grau

CMS Grau’s tax practice is very active in the all the tax aspects related to transactions with an emphasis on mining, oil and gas and energy sectors. Rolando Cevasco leads the group specialized on tax consultancy, cross-border operations, tax advice on corporate reorganizations and tax due diligence services. In addition, the tax group has developed a new practice area focused on transfer pricing and tax compliance led by Carlos Chirinos.

Over the research period, the tax team advised Fenix Power Peru on different tax matters. Another interesting mandate saw the group representing Tubos y Perfiles Metálicos on its purchase of Grupo Calaminón. Moreover, it represented Affinity on its corporate structure to start business activities in Peru.

Client feedback

“Very professional, deep knowledge of the Peruvian and international law.” 

“Highly detailed work looking at different alternatives.”

De Bracamonte Haaker & Castellares Abogados

De Bracamonte Haaker & Castellares Abogados advises on tax planning, tax litigation and tax advisory. The firm comprises partner Cristina Chang who has an extensive experience on advising international clients that want to invest in Peru.

During the research period, the tax group advised Nyrstar Netheraland International and Nyrstar Holding on a tax litigation case. The group represented Menorca Inversiones on all the tax issues derived from two real estate projects.

Deloitte

Gustavo Lopez-Ameri leads the tax practice at Deloitte. The large team comprises more than 100 professionals, including lawyers, economists and accountants with a focus on international taxation, corporate tax and tax litigation. In addition, the firm has a strong transfer pricing practice.

Over the research period, the multidisciplinary tax team provided strategy planning to different types of clients. All of them remained confidential.

Estudio Echecopar

A distinguished firm for its work in transactional tax related to M&A deals, Estudio Echecopar offers services in the areas of tax planning, tax advisory and transactional tax with a strong focus on merger and acquisitions, financial operations, bond issuances and international public stock offerings. The firm has a large base of international clients that invest in Peru. Rolando Ramirez-Gaston Horny is the lead partner. He regularly advises corporate and institutional clients on commercial and financial tax planning and on the tax aspects of M&A transactions.

Over the research period, the tax team advised Banco International del Peru on the issuance of unsecured senior notes. The matter required a special analysis on the potential tax implications of the exchange notes. Another interesting mandate saw the group representing Andina Trade on its appeal before the Peruvian Tax Court. 

Client feedback

“We are very satisfied with the work done since it was possible to obtain a favourable resolution from the tax court.”

EY

EY’s biggest strength in Peru is its transactional tax area focused on M&A transactions on both side of sellers and buyers. On the other hand, the firm has a strong focus on tax planning and consultancy practice areas advising domestic and international clients. Fernando Tori leads the tax department.

This year, the tax team has worked on an impressive number of M&A transactions in Peru. Clients included Pfizer, The Carlyle Group LXG Capital, Citibank and Brookfield. 

Client feedback

“It was a great team, with deep knowledge over all the tax matters.”

Garrigues

Garrigues in Peru provides services on in the areas of tax planning, tax advisory and tax litigation. The firm excels on tax advice to infrastructure and energy projects and tax planning for the structuring of major finance and corporate transactions. 

Over the research period, the tax group advised the consumer goods company Alicorp on its acquisition of Bolivian company Industrias De Aceite. The tax group advised on the tax planning. Another interesting mandate saw the group representing Direct TV Peru on international tax planning. Nexus Group and Partners Group were among other clients. 

In terms pf lateral moves, the office in Lima strengthened its tax group with the addition of partner Javier de la Vega Gómez hired from PwC. In addition, the group hired the principal associate Rosa Chevarria Sotelo from Rodrigo Elías & Medrano Abogados. The firm lost former partner José Chiarella who founded Damma Legal Advisors. Moreover, the firm saw the departure of associate Sara Oriundo who went to PwC.

Osterling Abogados

José del Castillo Simón lead the tax department at Osterling Abogados, a law firm with an emphasis on tax litigation. The firm provides services in the areas of tax planning, M&A, tax advisory and tax consultation in different industries, including mining, real estate, insurance and pharmaceutical sectors.

Over the research period, the tax team advised Panificadora Bimbo del Peru on its merge with International Bakery. The group advised on the tax structuring. Another interesting mandate was the representation of Sanofi Aventis on its merge with Genfar Peru.

Client feedback

“Responsible firm, with extensive tax knowledge and fiscal control.”

Payet Rey Cauvi Pérez Abogados

Corporate taxation, international planning and litigation are the main focusses of the tax department at Payet Rey Cauvi Pérez Abogados. The firm is also active in tax audits and M&A transactions. The team includes partner Vanessa Watanabe who has an extensive experience in providing taxation advice, focusing on tax planning for domestic and foreign companies with an emphasis on the mining, hydrocarbons and real estate sectors.

During the research period, the team assisted Algeciras Inversiones in connection with the acquisition of four shopping centres. Another interesting mandate saw the tax team representing Scotiabank on its acquisition of shares of Banco Cencosud. Moreover, it advised InRetail Peru on the acquisition of the holding Quicorp. The tax team was involved on the tax structure of the transactions. 

Last year the team lost partner Iván Chu del Águila who joined CDA Abogados. 

Client feedback

“Very good service, on time, in depth analysis and clear knowledge”

Philippi Prietocarrizosa Ferrero DU & Uría

Philippi Pietrocarrizosa Ferrero Du & Uría’s tax team includes 15 lawyers. The tax department excels in  tax planning, tax advisory, international taxation, indirect tax and tax litigation. Moreover, the team is active in all the tax aspects related to M&A transactions in different sectors. The team advises domestic and international companies. In addition, the group has an emphasis on the transfer pricing practice area.

During the research period the tax team advised Uber on the tax aspects involved in the new business line implemented in Peru. Other interesting mandates saw the team working on the tax structure of Hexagrama and providing advice to Breca Group.

In terms of lateral moves, the tax team made the addition of Claudia Loyola hired from the Peruvian Congress. The firm saw the departure of senior tax Doris Nicho.

Client feedback

“Very professional, capable and technical.”

Rodrigo Elías & Medrano Abogados

Rodrigo Elías & Medrano Abogados is among the top players in Peru. The tax department has a strong reputation in different sectors, including tax transactions related to M&A, tax planning, tax litigation, tax compliance and tax audits. The firm has also an emphasis on the transfer pricing practice area. Although the team covers an array of sectors, it is very active in banking, infrastructure, energy, telecommunications, oil and gas. The firm’s tax department is led by Alex Córdova. The team benefits from the presence of the founding member Humberto Medrano, who counsels foreign and national clients on the tax regime throughout the country and abroad. 

This year the tax team has represented different private clients and has advised large corporations. For example, it represented Minsur and Rimac before the Peruvian Tax Court and Luz del Sure on the tax appeal procedure before the tax court. On the transactional sphere, an outstanding deal was the representation of Belmond on the sale of its companies to Louis Vuitton.

Rubio Leguía Normand

International and corporate taxation are the main focusses of Rubio Leguía Normand. The tax team is not dependent from the transactional activity of the firm but it has clients directly involved in the tax practice. The group has developed expertise in an array of sectors, such as mining, energy, oil and gas, banking and technology.

Over the research period, the group has worked on different cross-border transactions. For example, it represented Valoriza Agua on the tax aspects regarding its project of building a water treatment plant. Another interesting mandate was the representation of Newmont Mining Corporation and Minera Yanacocha on tax planning regarding the change of its corporate structure.

TGS Sarrio & Asociados

Sarrio & Asociados was established in 1979 and became a member of Summit International, which was subsequently renamed Baker Tilly in 2001. The firm left that group in 2010 and took up membership with Grant Thornton. In September 2018 it chose to make a change again and came together with TGS. Its work is delivered in six categories: compliance, transfer pricing, tax consulting, legal consulting, labour consulting and tax outsourcing.

Details of the firm's work remains confidential.

There were a number of changes to the team during the research period. Perhaps most notably this included the addition of a team including tax and legal manager Joseph Duymovich and transfer pricing analysts Bill Jacay and Patricia Liu. In addition, it also added transfer pricing assistant Andrea Oviedo and tax and legal managers Juan Orcón, Estela Alvis and Jaime Narvaez. Going the other way, the team also saw the departure of a tax compliance senior, a tax compliance manager, a transfer pricing senior and a tax and legal partner.