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flag Credicorp challenges $422.65M tax demand from Peru's SUNAT, claiming transaction exemption under law.

flag 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. flag Credicorp argues that Peruvian law exempted such transactions from income tax and that SUNAT is ignoring legal frameworks. flag Previously, SUNAT's committee found no tax evasion, but Credicorp is pursuing further legal and administrative action.

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