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Credicorp challenges $422.65M tax demand from Peru's SUNAT, claiming transaction exemption under law.
Peru's largest financial firm, Credicorp, is taking legal action against the national tax agency, SUNAT, over a dispute regarding a 1.5 billion soles ($422.65 million) tax demand for a 2018-2019 transaction.
Credicorp argues that Peruvian law exempted such transactions from income tax and that SUNAT is ignoring legal frameworks.
Previously, SUNAT's committee found no tax evasion, but Credicorp is pursuing further legal and administrative action.
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Credicorp desafía la demanda de impuestos de $422.65M de la SUNAT de Perú, reclamando la exención de transacciones bajo la ley.