Tax consultancy over regulations applicable to airline ticket issuance. We are assisting the Peruvian subsidiary of Air Transat, TS Perú,—a low-cost airline company—with a tax consultancy on its operations in light of regulations applicable to airline ticket issuances in the country.
Addressing tax requirements for tickets to be considered as receipts: We prepared an assessment of the client’s issuance system, verifying its compliance with all tax regulatory requirements, which is necessary for the tickets to be considered as receipts for tax purposes.
Crucial regulatory compliance to continue operations in Peru: The case is relevant to TS Perú considering compliance with the tax requirements is crucial to continue its operations in Peru. For this goal, we have made suggestions to the client to ensure it continues operating while implementing the necessary measures to comply with such regulations.
Latest development: We delivered our assessment to the client, who is currently implementing our suggestions.
