Hall Of Fame

Firms To Watch: Tax

Led by Percy Castle, the tax offering at DS Casahierro Abogados covers tax planning, international tax and double taxation treaties, as well as litigation; the team was recently bolstered by the arrival of transfer pricing expert Magaly Casasola from an in-house role at TPC Group in November 2022.
Rubio Leguía Normand's October-2023 hire of former Estudio Olaechea practice co-head Jorge Dávila (international tax, tax planning, transfer pricing, M&A and contentious tax matters), brings additional senrior fire-power to the practice group led by Luz María Pedraza (tax advice, tax audits, tax procedures & planning, and company reorganisations), puts it firmly on the map for tax matters.
Promoted to the partnership in April 2022, Jesús Ramos Angeles leads the team at Thorne, Echeandia & Lema Abogados, where he continues to develop the tax planning, corporate tax, intercompany advisory, and digital and technology tax advisory segments of the practice.

Tax in Peru

Hernández & Cía

The pre-eminent tax practice at Hernández & Cía is led by Milagros Bustillos, Leonardo Lopez and veteran tax practitioner Luis Hernández and advises high-profile foreign and domestic clients on the gamut of tax issues. On the advisory side, the team handles compliance, cross-border tax planning and structuring, international tax law and individual wealth management, and on the contentious side, it is well versed in administrative proceedings before the National Superintendence of Customs and Tax Administration (SUNAT) and in judicial litigation. Hernández is well regarded in the market and has previously assisted in drafting income tax regulations; strong support is provided by Bustillos, who assists clients in administrative proceedings, and López, who is recommended for tax, customs and trade matters. Fernando Nunez is a key contact for corporate tax and wealth management, while Rodrigo Flores focuses on international tax matters, including tax stability agreements and the taxation of natural resources. Counsel Patricia Tamashiro is another name to note for transactional tax issues, while senior associate Julio Sáenz advises on tax litigation.

Practice head(s):

Luis Hernández Berenguel; Milagros Bustillos; Leonardo López


Testimonials

‘They have the ability to review and issue opinions on complex issues considering the needs of the client.’

‘Our company is attended directly by Rodrigo Flores. He is always available even for issues that perhaps -due to his rank- he could delegate to other lawyers. That is an advantage over competitors.’

‘Fernando Núñez: available and attentive.’

‘As a team, H&C differentiates itself by making sure that the possible areas that are relevant to a case are aligned and properly informed in order to make the right decisions in a timely manner.’

‘Rodrigo Flores has been our key partner to work out and solve tax strategies, he has been crutial in my decision process.’

Key clients

Andino Investment Holding


Andino Group


LSA Enterprises Perú


La Fragata


Comercializadora Internacional de Azúcares y Mieles del Perú


SES Satellite


Condor Travel


Seven Seas Water


Corporación ADC


Southlight Capital (former The Abraaj Group)


Work highlights


  • Advised Andino Investment Holding on the tax aspects related to the acquisition of all shares held by Grupo DP World (through its subsidiaries) in Cosmos Agencia Marítima.
  • Acted as tax counsel to Andino Group on all tax aspects related to the acquisition of the shares that Corporación América Airports held in Aeropuertos Andinos del Perú.
  • Advised Latin America Retail Services (LARS) on a tax litigation proceeding to obtain a refund of Non-Domiciled Income Tax unduly withheld and paid due after it sold its entire stake in Iasacorp International.

Philippi Prietocarrizosa Ferrero DU & Uria

Philippi Prietocarrizosa Ferrero DU & Uria offers strong multi-jurisdictional support to its clients by virtue of its regional network, which encompasses offices in Colombia and Chile, as well as its affiliation with Uría Menéndez in Spain. It acts for foreign and domestic companies in contentious and non-contentious tax matters, and practice co-head Walker Villanueva stands out for tax strategy and planning, audits and international tax matters. Dante Sanguinetti, Carlos Moreano and director Johana Timana jointly lead the team, with Sanguinetti offering particular expertise in corporate and personal taxation, tax planning and corporate restructurings. Moreano previously worked at SUNAT and brings knowledge of international taxation, transfer pricing and contentious matters, while Timana assists clients with reducing their tax costs and compliance issues. At the associate level, principals Milagros Pastor, Elizabeth Contreras and Alexa Adriazola are noted; Pastor handles tax matters relating to acquisitions, financing and corporate reorganisations, and senior Claudia Loyola deals with tax consultancy and planning, and procedures before tax authorities. Since publication, Pastor has been raised to the partnership - effective as of December 2023.

Practice head(s):

Walker Villanueva; Dante Sanguinetti; Carlos Moreano; Johana Timana


Testimonials

‘The team is fully available to serve its clients.’

‘They are always looking for a solution that is compliant and beneficial to the company.’

‘Walker Villanueva has knowledge of the business and provides viable alternatives.’

‘Milagros Pastor has a very good disposition and is empathetic with the client, she knows our needs and understands them in order to provide the most appropriate solutions.’

Key clients

Compañía De Minas Buenaventura


Mckinsey & Company Sucursal Del Peru


Zubale


Quelaris Internacional


Consorcio Natividad De Chinchero


Work highlights


  • Advised the Buenaventura Group companies on the sale of Yanacocha and on the acquisition of Minera La Zanja from Newmont.
  • Providing permanent tax advice to Mckinsey & Company Sucursal Del Peru in connection with corporate income tax, international taxation and transfer pricing.
  • Providing overall tax analysis advice to Zubale related to commercial operations in Peru.

Rodrigo, Elías & Medrano Abogados

Rodrigo, Elías & Medrano Abogados' sizeable tax team caters to high-profile multinational businesses and acts for large international law firms as local counsel on cross-border matters. It has a strong track record in advising on the tax aspects of major corporate transactions and also handles contentious administrative procedures before SUNAT, in addition to judicial litigation and arbitration. Practice co-head Alex Córdova is experienced in the extractive industries and handles proceedings before the Tax Authority, the Tax Court and the judiciary. Alex Morris, who jointly leads the team, is a key contact for wealth management and acts for a strong roster of high-net-worth individuals; he is dual qualified in Spain and Peru. Tulio Tartarini and Mariella de la Torre are both board members of the Peruvian Tax Law Institute (IPDT); Tartarini is recommended for transfer pricing, while de la Torre handles tax consultancy matters and litigation with a particular focus on the mining industry. Gonzalo La Torre deals with corporate and insurance taxation, while Lourdes Castillo, who was recently promoted to partner, is another name to note for corporate tax, as well as VAT and tax proceedings. Other key contacts include Raúl Hidalgo, who deals with contentious matters, and associates Joan Tello and Lucía Rodrigo. Jose Chiarella re-joined the firm from Damma Legal Advisors.

Practice head(s):

Alex Córdova; Alex Morris


Testimonials

‘The Rodrigo Elias & Medrano team is exceptional, and has the ability to respond in a precise executive manner and immediately to the requirements that we make of them.’

‘Mariella de la Torre and Jose Talledo with whom we work intensively stand out.’

‘Rodrigo Elias & Medrano probably has the best tax team in Peru. They give complete and accurate advice on tax matters.’

Key clients

Inchcape


Laureate Education


Enfoca Servicios Logísticos


Saga Falabella


Red Eléctrica del Sur


Telefónica Móviles


Kohlberg Kravis Roberts & Co.


Grupo Salud Auna México


Auna


Citri&Co


Gloria


Work highlights


  • Assisted Inchcape on the tax aspects of the acquisition of Derco, considering the potential tax consequences as a result of the indirect transfer of Peruvian shares regime.
  • Assisted Enfoca throughout the process of selling its shares in Talma from a corporate and tax perspective.
  • Assisted Saga Falabella in a tax claim filed before the Peruvian Tax Administration in relation to the transfer pricing valuation for Corporate Income Tax purposes of a variety of cross-border transactions.

Zuzunaga & Assereto Abogados

Top-tier tax boutique Zuzunaga & Assereto Abogados is well known in the Peruvian market and handles both contentious and non-contentious tax matters for a range of clients, with a particular focus on the mining industry. It has a notable track record in high-profile contentious disputes before the tax administration, as well as litigation and arbitration, and on the advisory side, it is well regarded for high-value corporate tax matters, transfer pricing, tax planning and customs matters both domestically and internationally. Fernando Zuzunaga Del Pino has previously advised on amendments to Peruvian tax law and is well versed in cases brought by SUNAT, while Juan José Assereto handles matters pertaining to international trade, customs and infrastructure projects. Juan Carlos Zegarra advises on corporate tax matters and litigation, with a focus on the mining, electricity and oil sectors, and Luciana Yañez is noted for international taxation issues for corporates and high-net-worth individuals. Lorgio Moreno is also recommended, and the department also draws on the input of senior associates Evelyn Yauri and Manuel Carrión. Jorge Figueroa joined as senior associate from Philippi Prietocarrizosa Ferrero DU & Uria in April 2022. Since publication the firm has opened an office in Barcelona, Spain, under the direction of Yañez – effective as of December 2023.

Practice head(s):

Fernando Zuzunaga; Juan José Assereto; Juan Carlos Zegarra; Lorgio Moreno; Luciana Yañez


Testimonials

‘They are very detailed and technical, they review many regulations and jurisprudence, they are very careful in reviewing the writing, which ends up being an easy-to-read deliverable.’

‘They are very good technicians, they look in more detail, they validate, they go around the subject to see variables.’

‘The work of the Zuzunaga team is Exceptional, very competent. Being a Boutique Tax Firm makes them stand out from other legal firms whose tax practice is not exclusive. Working with the Partner in charge is like having an in-house tax specialist lawyer.’

Key clients

Banco BBVA Perú


Boart Longyear


Breca Group (Marcobre and Minsur)


Compañía de Minas Buenaventura


Corporation of the President of The Church of Jesus Christ of Latter-day Saints


Fenix Power Perú


Fluor Daniel Sucursal del Perú – FDSP


Latin America Power Perú


Minera Barrick Misquichilca (Minera Boroo Misquichilca)


Río Tinto Minera Perú Limitada


Sequa gGmbH


Work highlights


  • Advised Enel Green Power Perú on the VAT recovery regarding its operations to construct the Wayra Extension Wind Power Plant and the Clemesí Solar Plant.
  • Advised Sequa as leader of an international consortium funded by the EU for the implementation of projects to promote a circular economy.

Damma Legal Advisors

Despite its growing corporate offering, Damma Legal Advisors probably remains best known for its prowess in the tax sector where it advises businesses and high-net-worth individuals on M&A-related tax matters, tax consultancy, auditing and restructuring, as well as on contentious issues.  The practice group – jointly led by Iván Chu, Rocio Liu and Walther Belaunde – is well versed in procedures brought by the Peruvian Tax Authority and has particular experience in the energy and mining sectors. Chu is a key contact for international tax issues and corporate tax structures; Liu is well versed in advisory matters and administrative and judicial tax litigation; and Belaunde deals with corporate structuring, reorganisations, business transfers and labour-related tax issues. Associate Mauricio Dulanto is another key member of the team and is recommended for compliance and audits. Former practice co-head José Chiarella left the firm in March 2023, since when the firm has further broadened its offering via the absorption of Sumara Hub Legal, bringing additional strength in financial regulatory matters, capital markets and legal innovation; the combination came into effect as of September 2023.

Practice head(s):

Ivan Chu; Rocio Liu; Walther Belaunde


Testimonials

‘Damma is a very professional and versatile team. With in-depth knowledge of the sector, their tax advice is reliable and is consistent over time.’

‘Very quick response, direct contact with the partner and the lawyer.’

‘Great experience in taxation of the mining industry.’

Key clients

Southern Peru Copper Corporation, Peruvian Branch


Luz Del Sur


Sacyr Construcción Peru


Minera Goldfields


Hortifrut


Bosques Amazonicos


Pomica


Engie


Alicorp


Enel Peru


Inkia Energy


Intercorp


Accor


Hunt Oil


Tierra Viva Hoteles


Work highlights


  • Advised Inkia Energy on evaluating and implementing the possibility of having its senior executives working worldwide.
  • Advised Bosques Amazonicos on designing an intra-group corporate reorganisation with the aim of achieving business efficiencies in its local and foreign operations.
  • Advised Accor on structuring an intra-group corporate reorganisation of its hotel and hospitality business with the aim of achieving commercial efficiencies.

Estudio Echecopar member firm of Baker McKenzie International

Estudio Echecopar member firm of Baker McKenzie International is well placed to serve multinational clients by virtue of its extensive global office network. As such, the tax department often works in tandem with teams in other countries for support on cross-border matters. Key areas of focus for the practice include corporate and M&A-related tax matters and contentious administrative procedures, and the team is active in the banking, healthcare, retail, consumer goods, agribusiness, mining, construction and energy sectors. Rolando Ramirez-Gaston Horny heads the group and is recommended for corporate, commercial and financial tax planning, tax audits and proceedings before the Peruvian National Tax Administration, the Fiscal Court and the judiciary. Senior associates Carla Peirano, Cristina De La Piedra and Dora Ramos are key contacts, with Peirano experienced in energy and mining tax advice, De la Piedra a name to note for double taxation treaties and tax planning, and Ramos recommended for litigation. Pierella Chipana joined as associate from EY Law in November 2022.

Practice head(s):

Rolando Ramírez-Gastón Horny


Testimonials

‘It is a team of experienced professionals who handle different specialties.’

‘Recognised experience in the market. We work with Rolando Ramírez Gastón and Carla Peirano.’

Key clients

Meta


Airbnb


Pontificia Universidad Católica del Perú


Goldman Sachs


Celepsa


Dupreé


ODATA


Intcomex


Braskem


Gloria


Work highlights


  • Assisting L’Oreal Peru in a judicial process against the Peruvian Tax Administration and Peruvian Tax Court.
  • Advised Talma Servicios Aeroportuarios, as buyer, on the tax aspects of the acquisition of Enfoca Servicios Logísticos for a value of $163.5m.
  • Assisting Celepsa, as a buyer, on the acquisition of Termochilca for a value of  $141m.

EY Peru

EY Peru fields a large tax team, which offers considerable experience in high-profile M&A transactions, corporate reorganisations and market exits. It is also strong in contentious matters and administrative procedures brought by regulators such as SUNAT, and is active in the mining and metals, oil and gas, banking, retail and infrastructure sectors, among others. The group is under the leadership of David De La Torre, a veteran practitioner with over 27 years’ experience in foreign investment, international operations and tax planning; he is supported by Fernando Tori, who has a wealth of experience in international tax and transactional matters, and Guillermo Hidalgo, who is a name to note for M&A-related tax and due diligence matters. Edwin Sarmiento is another key contact for corporate tax matters, Humberto Astete deals with tax planning and international issues, and Roberto Cores handles international tax matters for corporations and high-net-worth individuals.

Practice head(s):

David de la Torre


Testimonials

‘The EY tax team assists us in different aspects, although consulting and tax litigation stand out. In consulting matters, we are mainly assisted by David de la Torre, who has extensive knowledge of tax matters, a lot of experience and complete and prompt advice.’

‘The solutions that they propose to complex issues, with the proper support, which gives us the peace of mind that we are making the best decision. Obviously, to provide such solutions, the professionals involved have extensive knowledge of tax matters and sufficient experience to be able to identify risk areas.’

Key clients

Lumen Technologies


CFG Group


Unilabs Group


Nexans Group


Work highlights


  • Providing assistance to Lumen Technologies on the Peruvian sell-side tax advisory for divesting its Peruvian business as part of its exit from Latin America.
  • Assisted CFG Group in the structuring of the transaction and the design for implementing a netting structure for the pre-existing intercompany receivables and payables.
  • Provided assistance to Unilabs Group in the Peruvian sell-side tax advisory for divesting its Peruvian business as part of a global exit.

CMS Grau

The tax practice at CMS Grau is led by Rolando Cevasco and recently promoted partner Yessica Manzur; the team has a focus on contentious and non-contentious tax matters pertaining to the mining, oil and gas, and energy sectors, and acts for high-profile multinational corporations in these fields. Cevasco is highly experienced in corporate tax matters, such as M&A, and reorganisations, as well as tax planning and audits, while Manzur is well versed in international tax matters, including tax structuring and double taxation treaties. At the associate level, seniors Carlos Chirinos and César Dávila are recommended, with Chirinos a key name for transfer pricing, audits and contentious procedures, and Dávila focusing on tax litigation and advisory services for high-net-worth individuals.

Practice head(s):

Rolando Cevasco; Yessica Manzur


Key clients

ISA Interconexión Electrica


Derco Perú


Sentinel Perú


Fridays


Andritz (USA) Inc


Andritz (Italy)


Andritz Hydro (Perú)


Enagás


BELLTECH


Lumni


Empresa Editorial El Comercio


MSA del Perú (MSA Group)


NIKKEN (Mexican Group)


Globenatural Internacional


Indus


Sensient


Falabella Group


Inmobiliaria Morada


Sensient


Auplata


Ubits Learning Solutions


Charles Taylor


Emerson Electric Co


Coelvisac (Consorcio Eléctrico de Villacuri)


EDF


Inmobiliaria Pardo 200


Work highlights


  • Advising UK-based insurance technology specialist Charles Taylor on the tax aspects of the acquisition of Herrera D.K.P Sociedad Civil Responsabilidad Limitada, an insurance adjuster company.
  • Advising Derco Perú on structuring and corporate tax planning in connection with its proposed joint venture with Spanish multinational bank Santander.
  • Advised TUPEMESA on an audit procedure in relation to income tax for the years 2018 and 2019 in relation to complex services received from its parent company in Chile.

Gálvez & Dolorier Abogados

Gálvez & Dolorier Abogados is a boutique firm specialising in tax and labour law; it advises top domestic and international clients on corporate tax matters and disputes. It is well known in the market for its expertise around transfer pricing and tax consulting, and on the contentious side, is considerably experienced in investigations and procedures brought by SUNAT. The team is led by José Gálvez and Silvia Muñoz-Salgado and is active in a range of sectors, including mining, commercial, energy, technology and consumer products. Muñoz-Salgado brings former experience from SUNAT to handle a range of tax advisory matters and the defence of clients before administrative and judicial courts, while Gálvez, a veteran litigator, is recommended for disputes, tax consultancy and tax planning.

Practice head(s):

José Gálvez; Silvia Muñoz-Salgado


Testimonials

‘They know our company, not only in operations but also in its policies and culture, which is very relevant to us. We always receive a response that goes beyond the tax query response, covers management and corporate issues and the accompaniment is comprehensive until the issue is concluded.’

‘In general, their participation is very broad. José Galvez has a great speed of calculation and efficiency to attend to our query, providing us with particular and specific solutions for us and based on the regulations. Martín Mantilla is a professional who is very committed to attending to the projects or queries that we work with, he is a fundamental support for our operations.’

‘José Gálvez is an A1 professional who keeps us fully informed of tax news.’

‘The response is very quick and adjusted to our needs.’

Key clients

Backus


Telefónica


Celima


América Móvil


Belcorp


Puma Energy


Arca Continental – Lindley


Trafigura del Perú


Tecnofarma


Statkraft Peru


Andina de Radiodifusión – ATV


Panamerican Silver – Shahuindo


Los Portales


Tecnasa


Naviera Transoceanica


Work highlights


  • Advising Arca Continental Lindley on its operations and tax audits.
  • Advising Telefonica Cybersecurity Cloud & Tech (TCCT) Spain on an M&A tax reduction certification for $179m.
  • Advising Trafigura on major cases regarding transfer pricing audits for an aggregated amount of $16.1m.

Gálvez, Risso, Zegarra & Asociados

Boutique tax law specialist Gálvez, Risso, Zegarra & Asociados acts for high-profile domestic and global clients in corporate tax matters and disputes. Its five-partner team includes practitioners with in-house experience at the Big Four, and key areas of focus include tax consulting, transfer pricing, wealth management and representing clients in tax controversies before administrative and judicial courts. Managing partner Ramón Gálvez-Márquez handles tax planning, structuring and litigation, while Carolina Risso is a name to note for corporate and commercial matters, such as restructurings and investments. Carlos Zegarra is another experienced tax practitioner and a founding partner of the firm; he is a veteran litigator and also advises on customs matters. Karen Alegría is a key contact for international tax planning and M&A, and Christian Caceres deals with operational and transactional tax issues, with a focus on the aviation, retail, real estate and telecoms sectors.

Practice head(s):

Ramón Gálvez-Márquez; Carolina Risso; Carlos Zegarra; Karen Alegría; Christian Cáceres


Testimonials

‘The GRZ professionals have extensive knowledge of national and international taxation, are always up-to-date with regards to new trends and anticipate regulatory changes.’

‘They have practical, timely responses that denote a high degree of knowledge of the business, and they warn us about the impact of taxation on the company’s results and its financial indicators.’

‘I highlight their ability to interrelate with teams from other areas of the company (commercial, planning, information technology, finance) when preparing defence strategies or assisting the tax team in preparing financial models.’

‘They treat us closely, they are always available and they are very quick when it comes to meeting our requirements.’

‘They go beyond a mere interpretation of tax regulations, they always provide answers that help decision-making in the financial field and participate closely in the management of tax risks, broadening the perspective of management, given their domain of the contentious process and extensive knowledge of national and international jurisprudence.’

‘They guarantee through their experience that the observations and/or recommendations received are reliable and above all help the company to make better decisions.’

‘The technical knowledge that the team possesses allows them to provide faster advice and taking into account the needs of our business.’

‘Galvez Risso’s team is unique because it combines the experience of professionals who have worked at the Big4 and therefore know about international taxation, with a personalised treatment of each case.’

Key clients

Alicorp


Latam Airlines


Empresa Siderúrgica del Perú – Siderperú


América Móvil


Avianca Holding


Niubiz – Compañía Peruana de Medios de Pago


Aje Group


Grupo Corpol


Netafim Peru


Panificadora Bimbo


Ransa – Grupo Romero


Backus


Numay


KS Depor


Arca Continental Lindley


CBC Central America Bottling Corporation


Sky Airline


Eléctricas de Medellin – EDEMSA


Gould Pumps Sucursal Perú


Work highlights


  • Advising a client on a high-tech project to generate efficiencies and reduce risks in tax determination.
  • Advising multiple clients on cutting-edge tax litigation issues.
  • Advising a family office on wealth management and high-profile matters.

Miranda & Amado

Miranda & Amado fields a ‘highly qualified team, with experience in the relevant tax issues’. Its broad practice encompasses tax planning, transactional matters and litigation before all levels of the courts. On the corporate side, the practice advises on cross-border M&A, restructurings and share transfers, and on the contentious side, it handles cases before SUNAT and other authorities. Practice head Pablo Sotomayor is specialises in corporate tax, transfer pricing, tax planning and litigation and is lead partner on all of the firm’s tax cases. At the associate level, Talía Diaz is recommended for tax consultancy and litigation, while Luis Miguel Sánchez deals with international tax and compliance matters. Senior associate Eduardo Pedroza is another key contact.

Practice head(s):

Pablo Sotomayor


Testimonials

‘Highly qualified team with experience in the relevant tax issues.’

‘Pablo Sotomayor is an excellent person and is a qualified professional.’

‘They were very clear in their explanations and in the detail of the information they provided us.’

‘The plus for me is the specialisation, the fact that they have assumed the cases as if they were part of the company. I must highlight Talia Díaz and Pablo Sotomayor.’

‘The attention received by the team members was quite efficient and the information they provided us was reliable and timely.’

Key clients

Telefónica del Perú


BHP Billiton


Avicola Don Bruno


Pesquera Capricornio


Deutsche Bank


Media Networks Latin America (MNLA)


BTS Torres


Cía de Seguridad Prosegur


Complejo Agroindustrial Beta


IBM del Perú


Corporación Primax


Niubiz (VISANET)


Ecopetrol


Latin American Power Perú


Onrubia Family


Cinépolis


Statkraft Perú


Barrick


Grio – Grupo Romero Investment Office


Banco Santander


Work highlights


  • Successfully represented Telefónica del Peru before the Tax Court in a controversy regarding the contribution to FITEL of the year 2007.
  • Successfully representated Deutsche Bank before the Supreme Court against the Peruvian Tax Court and the Peruvian Tax Administration (SUNAT).
  • Acted for BHP Billiton, Compañía Minera Antamina and Compañía Minera Antapaccay in tax litigation before the Peruvian Tax Administration (SUNAT) regarding Income Tax controversies from 2005 to 2019.

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados

The tax practice at Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados ‘knows how to work as a team and responds immediately, with great precision, paying attention to detail‘. It advises on the full range of tax matters and is particularly experienced in litigation, transfer pricing and tax assurance, as well as tax planning, compliance, M&A, and individual taxation matters for high-net-worth individuals. Fernando Castro heads the team and acts for high-profile foreign and domestic clients in tax litigation and transfer pricing; other key practitioners include Daniel Ono, who handles proceedings at both the administrative and judicial stages for clients in the automotive, pharmaceutical and consumer product sectors, and Jorge Otoya, who is a key name for private wealth and cross-border transactions. Frezzia Saavedra is a notable contact for compliance, and senior associates Cesar Angulo and César Castillo are also active in the team.

Practice head(s):

Fernando Castro


Testimonials

‘Knows how to work as a team and responds immediately, with great precision, paying attention to detail’.

‘The lawyers are experts in the tax area and have plenty of experience with all the main issues faced by companies.’

‘Jorge Otoya is, without a doubt, a hidden gem.’

‘Their opinions always have a great balance between theory and practice, and are always very objective.’

‘The answers obtained are always comprehensive and are rapidly provided.’

‘Lawyers with a lot of experience and very well prepared.’

‘They know our business very well and that makes communication easier.’

‘In general, the practice is remarkable for the solutions and practicality with which they approach their answers.’

Key clients

Tiendas por Departamentos Ripley


Banco Ripley


BBVA


Interbank


Arca Continental Lindley


Yara Perú


Honda del Perú


Abbott Laboratories


China Three Gorges


Pfizer


Maersk


Camposol


Work highlights


  • Advised BBVA in connection with the reassessment by the Peruvian Tax Administration of the income tax and related penalties allegedly due in respect of tax year 2000.
  • Advised Abbott Laboratories in connection with the income tax of 2016, which ended up with the rebuttal of most of the findings of the audit conducted by the Tax Administration.
  • Advised Pepsicola Panamericana on the successful challenge of findings relating to the tax treatment of the company’s business structure in Peru.

PricewaterhouseCoopers Peru

PricewaterhouseCoopers Peru provides consultancy services and litigation advice, working in tandem with its large global network and leveraging its sizeable tax team. Core areas of focus for the practice include cross-border transactions, transfer pricing and, with regards to contentious issues, the representation of clients before administrative and judicial courts. The team is jointly led by Arturo Tuesta, Miguel Puga and Lourdes Chau, with Tuesta bringing 30 years of experience in transactional matters, wealth management and tax auditing to the team, and Puga handling consulting and transfer pricing. Gino Menchola is another key member of the team. In recent team developments, Sergio Vega-León joined from Deloitte in February 2023, while Roberto Polo left the firm in August 2022.

Practice head(s):

Arturo Tuesta; Miguel Puga; Lourdes Chau


Testimonials

‘One of the reasons I like working with PWC Peru (Tax) is because of the speed in the response of the work team that we have assigned; In addition, they are open to discuss in detail the reason for their recommendations and make changes to them after a detailed discussion.’

‘Diversity of ideas and dedication at the partner level. All projects are relevant.’

‘Kindness and professional treatment.’

Key clients

Banco de Crédito del Peru


Scotiabank del Peru


Banco Internacional del Peru – interbank


Proceso de Medios de Pago


ATC Sitios del Peru sociedad comercial de responsabilidad limitada


Industria Slectroquímica


Adidas Peru


Famesa Explosivos


Grupo Hochschild


Engie Energia Peru


Grupo Kallpa


Bechtel Peru


Sodexo Peru


Rebaza, Alcázar & De Las Casas

The tax team at Rebaza, Alcázar & De Las Casas was bolstered in April 2022, with the arrival of César Luna Victoria from Rubio Leguía Normand; Luna now heads the team alongside Camilo Maruy Nordlander and Víctor Valdez. The practice advises on tax matters relating to finance, capital markets, retail, telecomms, infrastructure and real state, among other areas. It has a notable track record in non-contentious work, such as cross-border M&A, reorganisations, project finance and tax planning, and also handles contentious matters, including procedures brought by SUNAT. Nordlander specialises in private wealth and international tax matters, Valdez advises on restructurings and tax matters for high-net-worth individuals, and Luna brings expertise in corporate tax and regulatory matters. Jennifer Saavedra is a name to note at the associate level.

Practice head(s):

Camilo Maruy Nordlander; César Luna Victoria; Victor Valdez


Key clients

Equinix


Fondo Mi Vivienda


Volcan Compañía Minera


Leasy Perú


Acres Titulizadora


Entel Group


Rimac, Seguros y Reaseguros


Parque Eólico Tres Hermanas


Parque Eólico Marcona


BNP Paribas Cardiff


Fondos Sura


GNB Perú


Wiese Group


Cavali


Bolsa de Valores de Lima – BVL


Camposol


Grupo Cantabria


AC Capitales


Sigma


Edifica Group


Mambo Group


Asociación de Fondos Mutuos del Perú


Asociación Peruana de Factoring (APEFAC)


Compartamos Financiera


Intertítulos


Procapitales


360 Asset Management


Interbank


Scotiabank


BBVA


Acres Investment


Mcann Ericson


Work highlights


  • Advised Equinix on the development of the most efficient tax alternatives for the acquisition of a line of business.
  • Advised a family on the restructuring of the group’s investment holdings.
  • Advised Breca Group on the restructuring of the group’s investment holdings.

Cuatrecasas

Led by Juan Pablo Porto, the tax group at Cuatrecasas acts for domestic and international clients in cross-border transactions, tax structuring and optimisation. More specifically, the practice advises on administrative matters, audit procedures and VAT recovery, and acts for both businesses and individuals. Porto is experienced in tax consultancy services, transactional matters and audits, and is supported by associate Giorgio Balza, who handles investments and wealth management.

Practice head(s):

Juan Pablo Porto


Key clients

W Capital Safi


Tubos Y Perfiles Metálicos


Stracon


Salog


Redsys Servicios De Procesamiento


Promotores Inmobiliarios (Global Inmobiliaria)


Odebrecht Peru Ingenieria Y Construccion


Odebrecht Latinvest Perú Ductos


Océano Seafood


Nisa Inmuebles


Nexlot


La Quinta Feria


Enagás


Consorcio Constructor Ductos Del Sur


Concesionaria Chavimochic


Cintac Saic


Cetco


Cannfarm Peru


Boomerang Arts


Ayf Wiese


Work highlights


  • Carried out a review to perform a tax optimisation for SALOG’s operations through the change of the business structure.
  • Advised NextLot on the tax effects of different contracts with service providers (local and foreign) and not-for-profit entities with which it engages for the lottery business, per Peruvian regulations.
  • Advised AYF Wiese on a collection defence against the Tax Administration and the Tax Court.

De Bracamonte - Haaker - Castellares

The ‘very efficient’ team at De Bracamonte - Haaker - Castellares is led by Cristina Chang and handles a broad range of tax issues, including tax planning, tax audits and general advisory matters. It acts for companies and high-net-worth individuals and offers considerable experience in corporate and M&A tax matters. Chang is an expert in litigation and tax issues relating to finance and capital markets; senior associate Raúl Aguinaga is another key member of the team.

Practice head(s):

Cristina Chang


Testimonials

‘The De Bracamonte – Haaker – Castellares tax team is highly competent and committed. It is a strong and experienced team, with responsible management of deadlines and a thorough understanding of clients’ concerns and interests.’

‘Cristina Chang is a highly trained lawyer, with great technical management of tax law, and with a high sense of efficiency. She is always looking for creative and innovative solutions. Raúl Aguinaga transmits solidity and security.’

‘This team is very efficient and rigorous.’

Key clients

Scharff Logística Integrada


Menorca Inversiones


Merck Peruana


Csalud


Latam


Vita Pharma


Odebrecht Perú Ingeniería y Construcción


MC Inversiones Peru (Mitsubishi Group)


Manpower


Volcan Compañía Minera


Work highlights


  • Advised Herrera DKP on the sale of the company to Charles Taylor Limited, including the due diligence and the negotiation of the SPA.
  • Represented Merck Peruana in a tax procedure related to a  customs valuation of imported goods from related parties.
  • Advised Scharff Logística Integrada on the spin-off corporate structure carried on in order to specialise the real estate business of the economic group.

DLA Piper Perú

DLA Piper Perú is well positioned to handle regional and international matters thanks to its broad global network, and often works in conjunction with other offices on cross-border matters. The practice is active in the finance, construction, agricultural and mining industries and advises on corporate matters, such as M&A, restructurings and reorganisations, and is also active in private client work for ultra-high-net-worth families and individuals. Practice head Erik Lind offers solid international experience and is supported by senior associate Luis Miguel Sambuceti and associate Rainer Carrillo.

Practice head(s):

Erik Lind


Testimonials

‘I like that they experience the cases as if they were part of the company, taking great care in the results of the different processes that we carry out together.’

‘Rainer Carrillo is very willing to meet our needs and queries that may arise. He is always available.’

Key clients

American Tower Corporation


British American Tobacco del Perú


Grupo Basa


Facusa


Sociedad Agrícola Tres Cruces


Importaciones Hiraoka


La Tinka


Fundición Central


Euroamericana de Comercio y Finanzas


MUVA


Sociedad Agrícola Moche Norte


Grupo IPESA


Laureate Education


Cooperativa de Ahorro y Crédito Pacífico


Infosys Sucursal del Perú


Consorcio EPC (Consorcio Constructor de la Línea 2 del Metro de Lima)


Star Perú


Herbalife Peru


Corporación Primax


Prime Capital


CCLA Group – Lider Promotora Inmobiliaria


Compañía Minera e Industrial Sagitario


Utmost International


Work highlights


  • Advised Grupo Edifica on the tax structuring of a real estate project development to be carried out in Brickell, Miami, valued at $40m.
  • Advised Conexa on the tax structuring and implementation of a real estate project in the district of Oxapampa, Department of Pasco, to be carried out by its special purpose vehicle.
  • Advised a company on the transfer of the overlapping land and subsequent sale of the asset in a deal valued at $8m.

Garrigues

The ‘always attentive and available’ tax team at Garrigues advises clients on tax consultancy and planning and has recently seen an uptick in instructions relating to contentious matters, such as challenges and negotiations with the tax authorities. Practice head Javier De La Vega has considerable experience in tax structuring, compliance and due diligence on transactions, and is supported at the associate level by principals Rosa Chevarría and Rafael Martinelli, who both handle litigation and administrative procedures. Hernán Aquije and Yamila Reinides were promoted to senior associate in January 2023.

Practice head(s):

Javier De La Vega


Testimonials

‘Garrigues is a specialised law firm with very good and up-to-date knowledge of the tax laws in Peru.’

‘They are always attentive and available.’

‘Rafael Martinelli and Jorge Fuentes are lawyers that have outstanding capabilities on understanding client needs and look for the best solutions.’

‘Constantly available for the required support and provide timely responses.’

‘Objective advice, which covers the particular interests of the client.’

‘They understand a lot about how businesses operate and in consulting they go beyond a simple legal response, but also satisfy the commercial interests of the client.’

‘Rafael Martinell has become our strategic partner. He has helped us define business strategies in a very practical and objective way.’

Key clients

La Calera


Orbis


Heineken


Green Gold Forestry Peru


UNIR


JP Morgan


Omni Taxi Aereo


Teinnova


Alvarez & Marsal


CGG Land (U.S.) Sucursal del Perú


Work highlights


Estudio Olaechea

Estudio Olaechea advises on the gamut of tax issues, acting for local and international clients in cross-border matters. It has recently handled a number of tax matters relating to share sales and acquisitions, customs, reorganisations and disputes. Jorge Dávila co-heads the team and is experienced in international tax matters, tax planning, transfer pricing, M&A and contentious matters. Michael Morales, who was promoted to partner in September 2022, is fellow co-head the team and is a name to note for tax consultancy and tax proceedings before SUNAT and the Tax Court. Senior associate Ericka Caballero and associate Nataly Aspinwall are both recommended for customs and foreign trade. Since publication Dávila has left the firm, effective as of October 2023.

Practice head(s):

Jorge Davila; Michael Morales


Testimonials

‘Quick and thorough.’

Key clients

Noatum


Viva Air


Saint Gobain


Holding Transoceánica


Koryfes


Deezer


Syngenta


Bloomberg


Toyota


Blackrock


Hostelling International


Philadelphia Union


Xolit


Me Elecmetal Comercial Perú


Work highlights


  • Advised Viva Air on tax-related issues arising from the establishment of a foreign trust.
  • Advising Deezer on a contract that will be signed with Bitel in Peru.
  • Advised Syngenta on tax matters connected to the acquisition of shares issued by Talex (a company in the fertiliser and insecticides industry).

Payet, Rey, Cauvi, Pérez Abogados

The tax practice at Payet, Rey, Cauvi, Pérez Abogados is led by Vanessa Watanabe and provides support on corporate and financial transactions, and handles disputes and administrative issues. It is particularly active in the telecoms, mining, electricity, construction, education, and oil and gas sectors, and acts for foreign and domestic clients in cross-border tax issues. Watanabe is active in a range of transactional and indirect tax matters and litigation, and is supported by principal associate Lisset López, who advises on tax planning and wealth management.

Practice head(s):

Vanessa Watanabe


Testimonials

‘Vanessa Watanabe has a lot of experience and a good knowledge of tax law. She is always available to provide solutions to complex problems encountered during the transaction.’

‘Experience and knowledge of tax regulations. Renzo Grández supported us in a very professional way, contributing his knowledge and past experiences to our case.’

‘The Estudio Payet tax team is specialised in advising on complex M&A transactions, providing continuous and highly specialised support, even in very tight times.’

‘A differentiating point of Estudio Payet is the experience they have in the Agribusiness sector in Peru.’

Key clients

Hortifrut


The Carlyle Group


InRetail Perú Corp


ABB


Savia


Kallpa Generation


Administradora Prime


Scotiabank Perú


Nexa Resources Atacocha


Sigma Alimentos


Grupo Sura


COSCO SHIPPING Ports Chancay Peru


Inca Rail


Work highlights


  • Represented Chilean company Hortifrut Inversiones Internationales before the Peruvian Tax Administration in order to get a certificate for the capital invested in Hortifrut-Perú’s shares.
  • Advised Interbank on the modification of a leasing contract signed with Mall Aventura.
  • Advised Alpayana on the acquisition of Empresa Minera Los Quenuales, which operates the Yauliyacu and Iscaycruz polymetallic mining units, including the negotiation and tax analysis of the share purchase agreement.