The governments of Peru and the United Kingdom formalized an agreement on March 20, 2025, to avoid double taxation (CDI), enabling measures against tax evasion and avoidance in their economic and financial relations.
The Ministry of Economy and Finance (MEF) also announced that it is exploring the possibility of negotiating similar agreements with markets such as the United Arab Emirates, Saudi Arabia, Australia, and Singapore. With this new agreement with the United Kingdom, Peru has 10 agreements that strengthen a stable and attractive regulatory framework for investment from Latin America, North America, Europe, and Asia.
This progress is part of ongoing efforts to finalize a similar agreement with France, which will be discussed in Congress.
To date, Peru has signed agreements of this nature with Chile (2004), Canada (2004), the Andean Community (2005), Brazil (2010), Mexico (2015), South Korea (2015), Switzerland (2015), Portugal (2015), and Japan (2022).
A Secure Investment Framework
The agreement with the United Kingdom will establish a stable and predictable regulatory environment for businesses in both countries, fostering investment and economic growth.
The treaty will include guarantees to prevent double taxation and discriminatory practices. Once ratified by the congresses of Peru and the United Kingdom, it will come into effect.
Furthermore, cooperation and mutual assistance mechanisms will be implemented, providing the tax administrations of both countries with tools to combat tax evasion and avoidance.
The signing of this agreement marks the conclusion of a negotiation process led by Peru’s Ministry of Economy and Finance (MEF) and the United Kingdom’s His Majesty’s Revenue and Customs (HMRC).
Over the past 20 years, British investment in Peru has reached USD 12.97 billion, with 83% of the capital concentrated in the metals sector, followed by the food industry, energy, and tourism.