Analysis of municipal taxes for property compliance. We are advising Supermercados Peruanos—one of the leading supermarket chains in Peru—on the analysis of municipal tax obligations, including the determination, declaration, and payment of Real Estate tax and municipal taxes for fiscal years 2020 to 2024.
Verification of taxpayer and property details: We are assisting the client in ensuring compliance with Peruvian tax law concerning their 66 properties across Lima and other provinces, comprising shopping centres, supermarkets, galleries, and parking facilities. We are also reviewing taxpayer data and verifying the characteristics of each property owned by the client, including property frontage and other key metrics.
Analysis tax assessments and determination of tax liabilities: Our firm is analysing the tax payment booklets issued by the municipalities for each property and assessing their alignment with municipal ordinances, evaluating the validity of ordinances in light of court precedents. We are calculating due taxes for each property, identifying discrepancies between declared construction data and actual property conditions. Comparative charts are being prepared to illustrate potential differences over the last four years.
Preparation of detailed report and consultations: Our firm is preparing a comprehensive comparative report, detailing our findings and recommendations. Where necessary, we liaise with municipal officials to clarify issues and ensure transparency in tax determinations.
Determining compliance and mitigating potential disputes: Our analysis is pivotal in determining whether the taxes paid by Supermercados Peruanos conform to the law. The findings also support optimising future compliance and mitigating potential tax disputes.
Latest development: Based on our conclusions, the client is evaluating the submission of refund and compensation requests for overpaid taxes.
