Strictly speaking, are they not Corporate Reorganizations? The Negative / Neutral Equity Blocks and the RTF No. 10923-8-2011: Some considerations and proposals for change

Authors

  • Gustavo Enrique Tarazona Ospina Universidad Nacional Mayor de San Marcos
    Asociado Senior del Área Tributaria de Rebaza, Alcazar & De las Casas, Abogados Financieros. Magister en Finanzas y Derecho Corporativo por la Universidad ESAN. Abogado por la Universidad Nacional Mayor de San Marcos. Miembro activo del Instituto Peruano de Derecho Tributario (IPDT) y del International Fiscal Asociation (IFA) Grupo Peruano.

Keywords:

Income Tax, Tax Court Sentence, Spin off, Equity block, Tax neutral regime, RTF No. 10923-8-2011, RTF No. 09146-5-2004

Abstract

In the last years, the Peruvian Tax Court has been considered that a corporate spin off where a company transfers a “neutral” or “negative” equity block does not qualifies as a real spin off, hence it should apply the tax rules as if this operation was a common sale. The author analyzes this criterion, and concludes that spin off where a company transfers a “neutral” or “negative” equity block, constitutes a real spin off. As a consequence, it must apply the special tax rules established for the corporate spin off.

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Published

2014-05-14

How to Cite

Tarazona Ospina, G. E. (2014). Strictly speaking, are they not Corporate Reorganizations? The Negative / Neutral Equity Blocks and the RTF No. 10923-8-2011: Some considerations and proposals for change. Derecho & Sociedad, (43), 57–68. Retrieved from https://revistas.pucp.edu.pe/index.php/derechoysociedad/article/view/12557

Issue

No. 43 (2014)

Section

Impuesto a la Renta

License

Copyright (c) 2016 Derecho & Sociedad

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