OLX Clasificados Peru SAC [Counterparty: Peruvian Tax Authority (SUNAT)]

Refund of income tax credit balance. Olaechea is assisting OLX Clasificados Peru with the preparation and submission of a request for the refund of its income tax credit balance for the 2023 fiscal year before the Peruvian Tax Authority (SUNAT). Analysis of tax losses and expense reviews: Our firm is conducting a thorough review of the tax losses carried forward, including an assessment of their origin and the financial transactions leading to their accumulation, as well as the causality, reasonableness, and proportionality of the expenses generating these losses to ensure compliance with the regulatory standards established by SUNAT. Preparation of refund request: We are drafting a detailed refund request, incorporating the findings of the analysis and aligning the application with SUNAT’s procedural and substantive requirements. Connecting millions of buyers and sellers in leading online marketplace: OLX Perú is the Peruvian subsidiary of OLX Group, a leading global online classifieds platform that facilitates buying, selling, and trading products and services. OLX operates in various countries around the world, and its Peruvian arm is a prominent player in the online marketplace industry in Peru. The platform allows individuals and businesses to post ads for items such as used goods, real estate, vehicles, jobs, and services. Latest development: The refund request is under review by SUNAT.

Matter value – include currency and amount in figures :

USD 473,684

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

No

Lead partner :

Michael Morales

Other team members :

Fiorela Ríos Gloria Mendieta

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

N/A

Date of completion or current status :

Ongoing