New tax and anti-money laundering regulations announced in Peru and Uruguay

Peru is implementing new IGV (Value Added Tax) regulations for services provided by non-residents. Effective July 1, 2026, SUNAT will require companies to follow a new procedure to enhance control and traceability. While the tax obligation triggers remain the same—occurring upon payment or the recording of the invoice in the Purchase Register—taxpayers must now register the operation and submit an informative declaration before making the tax payment. This includes linking foreign provider invoices to the corresponding payment.

In Uruguay, new anti-money laundering regulations are set to increase responsibilities for accountants designated as obligated subjects. The regulations, being finalized by Senaclaft, include provisions for enhanced due diligence, reinforced controls in specific cases, and oversight of cash operations. Professionals will need to update control systems, train teams, and maintain specific documentation related to their activities, such as audits or limited review reports that exceed certain thresholds.