The purpose of this Emergency Decree is to modify the Single Ordered Text of the Income Tax Law, approved by Supreme Decree No. 179-2004-EF, in order to designate the quota distributors -a referred to in Article 258 of the Single Ordered Text of the Securities Market Law approved by Supreme Decree No. 093-2002-EF- as agents for withholding income tax and extending the exemption of income from affected foundations and non-profit associations profit.
Likewise, this Emergency Decree is intended to modify numerals 5.5 and 5.7 of article 5 and numeral 6.2 of article 6 of Law No. 30734, Law that establishes the right of natural persons to the automatic return of taxes paid or retained in excess; in what refers to the forms of ex officio return of payments in excess of income tax and the date from which it is made.
The purpose of the Emergency Decree is also to modify Legislative Decree No. 1372, a decree that regulates the obligation of legal persons and / or legal entities to inform the identification of final beneficiaries; as regards the criteria to identify the final beneficiaries of the legal entities; as well as to regulate cases of exception to the presentation of the declaration of final beneficiary.
(Source EL PERUANO)