APM Terminals Callao S.A. [Counterparty: Peruvian Tax Authority (SUNAT)]

Tax compliance with new regulatory requirements for GRE. Olaechea is advising the port operator APM Terminals Callao on tax compliance matters regarding the issuance of electronic waybill (GRE), recently implemented by the Peruvian Tax Authority (SUNAT). Exit tickets for transferring goods inside Peru under scrutiny: The client sought us to ensure its exit tickets, used by its clients’ transporters for goods transfer within Peruvian territory, meet the new regulatory requirements for the GRE. We are conducting a detailed analysis of GRE-related regulations to determine whether the tickets comply with the necessary standards. Operator of largest multipurpose port terminal in Peru: APM Terminals Callao is the operator of the Multipurpose Northern Terminal of Callao Port, which is the largest in Peru and on the west coast of the South American Pacific. APM Terminals Callao has a national market share of approximately 40% in containerised cargo and 70% in general cargo, excluding minerals. Latest development: The firm is assisting APM Terminals Callao in implementing adjustments to its exit tickets to ensure full compliance with regulations.

Matter value – include currency and amount in figures :

APM Terminals Callao’s modernisation project value: USD 95 million

Is this a cross-border matter? If yes, please indicate the jurisdictions involved :

No

Lead partner :

Michael Morales

Other team members :

Nataly Aspinwall

Other firms advising on the matter and their role(s) :

N/A

Date of completion or current status :

Ongoing