Peru > Leading tax law firms

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  1. Peru – Leading tax law firms
  2. Peru - TDH500
  3. Next generation lawyers
  4. Revenue authority details

Peru - TDH500

  1. 1
    • Alex Córdova - Rodrigo, Elías & Medrano, Abogados
    • Luis Hernández - Hernández & Cía. Abogados
    • Humberto Medrano - Rodrigo, Elías & Medrano, Abogados
    • Walker Villanueva - Philippi Prietocarrizosa Ferrero DU & Uria
    • Fernando Zuzunaga - Zuzunaga, Assereto & Zegarra Abogados

Next generation lawyers

  1. 1
    • Raúl Hidalgo - Rodrigo, Elías & Medrano, Abogados
    • Erik Lind - Echecopar, Estudio, member firm of Baker & McKenzie International
    • Frezzia Saavedra - Muñiz, Ramírez, Pérez-Taiman & Olaya Abogados
    • Patricia Tamashiro - Hernández & Cía. Abogados
    • Roxana Terrones - Hernández & Cía. Abogados
    • Johana Timana - Philippi Prietocarrizosa Ferrero DU & Uria
    • Sandra Rivas - Philippi Prietocarrizosa Ferrero DU & Uria
    • Luciana Yañez - Zuzunaga, Assereto & Zegarra Abogados

Drawing on 25 years of ‘excellence in the field’, Hernández & Cía. Abogados houses a compact but ‘prominent tax practice in Peru’, and scores points for its ‘expertise’ and ‘knowing the sector inside-out’. Tax head Luis Hernández is highly sought after, and there is consensus among peers to say he is a ‘standout name for tax matters in Peru’. In addition, Leonardo López is highly regarded for customs and foreign trade matters, the ‘sophisticated’ Milagros Bustillos is a ‘noted tax specialist’, and the recently hired Fernando Núñez brings his expertise in repatriation of capital and tax amnesty issues to the team. The department maintains a strong reputation for both procedural and transactional work, which positions it as a first choice for the full spectrum of tax services. It also fields an excellent corporate support practice, as evidenced by López’s recent advice to Compañia Minera Milpo’s minority shareholders on the transfer of their $200m stake to Votorantim Metais Cajamarquilla through a public offering on the Lima Stock Exchange. The team is also highly active in capital increases, tax structuring, issuance of notes, and impugnation proceedings. The team’s impressive client roster includes COFIDE, Grupo Telefónica, Perupetro, Interbank Group, and Consorcio Fútbol Perú.

The ‘excellentPhilippi Prietocarrizosa Ferrero DU & Uria fields a sizeable tax practice with significant capability across the region as a result of the firm’s additional platforms in Colombia and Chile. In line with its renowned corporate and banking practice, tax support services are a specialist area of expertise, as are international tax planning, international reorganisations, transfer pricing, and tax litigation. Walker Villanueva is praised for his ‘fast responses, good judgement and efficiency’, and recently advised Guess on the tax planning aspects of the formation of a joint venture, including the direct and indirect transfer of shares issued by its Peruvian target. Dante Sanguinetti is highly sought after for transactional matters, and assisted Brookfield Asset Management with the tax aspects of its acquisition of the Olmos Project, which involved entering a Legal Stability Agreement with the Peruvian Government. Villanueva and Sanguinetti also provide regular tax-planning advice to Brescia Group, which involves 20 companies in a wide array of sectors including mining, fishing, agriculture and real estate. On the contentious side, Villanueva represents BHP Billiton in tax disputes before the Peruvian Tax Court in relation to its mining projects and exploration activities. Other clients include Aventura Plaza, Urbanova, Lan Peru, and Telefónica del Perú. Senior associates Johana Timana, Sandra Rivas and Elizabeth Contreras are also recommended.

For many, Rodrigo, Elías & Medrano, Abogados is ‘the firm they go to first’. Clients are quick to praise its ‘great and knowledgeable tax lawyers’, who provide ‘very prudent, well-rounded, and business-oriented advice’ in a ‘timely manner’. The firm houses a comprehensive tax practice, with expertise in both consultancy and contentious matters, and draws on the ‘extraordinary capability’ of first-class individuals, including 10 partners and a senior of counsel. Tax expert Alex Córdova is regarded as ‘a leading figure in his field’; he has particular expertise in the natural resources sector and, together with counsel Humberto Medrano, is representing oil-and-gas company Savia Perú on its claim before the Tax Authority over a $700m VAT tax refund. Raúl Hidalgo, who was promoted to the partnership in 2016, is highly specialised in the tax-related aspects of infrastructure and project development, and recently assisted Canada’s Brookfield Asset Management with its acquisition of a 57% stake in PPP-backed consortium Rutas de Lima from Odebrecht. An expert in utilities taxation in the telecoms and electricity sectors, Tulio Tartarini advised Votorantim Metais Cajamarquilla on the implementation of a transfer pricing support policy in relation to its commercial operations with international entities. The firm evidenced its continuing commitment to the practice through two hires at senior level: corporate tax specialist Gustavo Lazo joined from Estudio Olaechea, and tax-planning expert José Talledo made the move from Estudio Echecopar member firm of Baker & McKenzie International. Other clients include Gold Fields La Cima, Red Electrica Internacional, US-based energy generation company AEI, DEG–Deutsche Investitions, and Chile’s Abastible.

According to peers, boutique firm Zuzunaga, Assereto & Zegarra Abogados has ‘one of the best and most established tax practices in Peru’, and clients readily praise its ‘extensive experience, clear and direct approach, and practical solutions’. The firm has tax expertise at its core, and offers depth across the full range of national and international tax planning, international taxation, taxation related to natural resources and social investments, tax litigation, and international trade. Clients are drawn from a wide pool of industries, but the firm particularly excels in the mining, infrastructure, and energy spheres. Fernando Zuzunaga is a ‘leader of both the practice and the Peruvian market’; together with Luciana Yañez, he advised IC Power Group on an addendum to Cerro del Águila’s exploration agreement to ensure the $757m investment falls under the Early Recovery VAT Regime. Juan Carlos Zegarra advised Marcobre on its subscription to a Legal Stability Agreement with the Peruvian Government in relation to its investments in the $1.5bn Mina Justa Project; and both he and Sergio Vega León assisted Compañia Minera Zafranal with tax planning matters in relation to its $1.4bn investment in the Zafranal Project. Seasoned tax litigator Lorgio Moreno and tax generalist Juan José Assereto are also highly recommended. On the senior associate side, Socorro Núñez specialises in the planning and implementation of social investments, while Renée Villagra is experienced in international taxation and transfer pricing.

With Rolando Ramírez-Gastón at its helm, Estudio Echecopar member firm of Baker & McKenzie International’s tax practice advises across the full range of tax issues, including cross-border corporate transactions, tax advisory, tax audits, tax disputes, and transfer pricing matters. The team will miss the expertise of José Talledo, who moved to Rodrigo, Elías & Medrano, Abogados, but can still count on the international tax planning and wealth management expertise of Erik Lind, who was recently promoted to the partnership, as well as tax litigator Carla Peirano’s experience in the oil and gas, energy and mining sectors. In a recent highlight, the team advised Invepar on a tax-efficient structure for the $1.6bn sale of its Peruvian subsidiary Línea Amarilla. It also assisted Corporacion Rey with the tax planning of its international sales operation for zip fasteners. Other names to note include associate Martha Morales, particularly for her experience in transfer pricing issues.

In line with its first-rate M&A and finance capability, Miranda & Amado’s ‘top-notch team’ has a strong transactional bent, and is an ideal choice for advice on the tax aspects of corporate, capital markets and financial operations, as well as corporate restructurings; however, the firm also has an active tax litigation practice under the leadership of ‘tax expert’ Rocío Liu. Liu has ‘impressive analytical skills’ and is hailed as a ‘referent for tax matters in Peru’; she successfully represented Universidad Peruana de Ciencias Aplicadas and Universidad Privada del Norte in their claims before the National Constitutional Court over the unconstitutionality of a retroactive profit-reinvestment tax regime applicable to educational entities. Also highly regarded for tax planning, tax advisory and tax litigation, Pablo Sotomayor acted for Telefonica del Perú before the Peruvian Ministry of Transport and Communications on its attempt to get fees paid to use the radio-electric spectrum recognised as a tax. Other names to note include senior associates Vanessa Masalías and Luis Miguel Sánchez.

Muñiz, Ramírez, Pérez-Taiman & Olaya Abogados fields a six-partner-strong practice with a distinguished reputation for tax work under the leadership of Fernando Castro. The team handles the full spectrum of corporate taxation matters, and also has robust capability in wealth planning, litigation, transfer pricing, and tax-compliance services. The ‘precise and insightful’ Jorge Otoya has ‘well-known tax experience’ and ‘goes deep into the tiniest detail whilst understanding the big picture’. In one highlight case, Castro and Otoya are representing Telefónica del Perú on challenges to several Tax Court rulings, two of them before the Supreme Court, with claims totalling over $2bn. On the transactional side, Otoya advised Votorantim Cimentos on the tax aspects of its $4m sale of Cementos Otorongo, which involved the design of a structure for the segregation of the target company’s tax assets. Other clients include Seven Seas Water, Corporación Lindley, and Abbott Laboratories. 12 associates complete the team, among whom senior associate Frezzia Saavedra is particularly recommended.

CMS Grau’s tax team is of course well known for energy and natural resources related matters, but as is befitting of a full service firm with a global network, it has a diverse practice with strength across the full spectrum of transactional, planning and contentious matters. César Castro continues to co-lead the group with Rolando Cevasco, and recently advised Chile’s Polytex on tax structuring matters related to the sale of its business line to TDM. Cevasco is acting for Compañía Minera Milpo in a protective action against the tax administration over excessive charging of default interest in relation to an alleged tax debt; he is also assisting construction company Ciport with the audit process of its 2014 tax return and covering its project at the Port of Callao. Senior associate Eduardo Rojas has developed particular expertise in the retail and real estate sectors; and his fellow senior associate Rodrigo Flores is recommended for international taxation matters.

Garrigues bolstered its team with the hire of José Chiarella from Rodrigo, Elías & Medrano, Abogados as practice head. Chiarella specialises in the tax aspects of financings, cross-border operations and M&A transactions – which are some of his new firm’s strengths, together with tax structuring matters for large infrastructure and mining investments in the country. Ongoing work of note includes Chiarella and senior associate Rafael Martinelli’s advice to Sociedad Aeroportuaria Kunturwasi on the tax planning for the financing and development of the new Chinchero–Cusco interntional airport. In another highlight, Chiarella and principal associate Luis Valle are representing Concesionaria Peruana de Vías (COVINCA) in a procedure against Proinversión and concerning the client’s eligibility to access the Input VAT Early Recovery Regime.

In 2016, Payet, Rey, Cauvi, Pérez Abogados saw the departure of its tax practice co-head Juan Manuel Salazar to an in-house role at IC Power, but showed commitment to the area by hiring former assistant tax manager at Volcan Compañía Minera, Vanessa Watanabe, as counsel. The group continues to be led by Iván Chu, who himself joined the firm in 2014 after serving as head of tax at Rebaza, Alcázar & De Las Casas. The relatively new practice is dominated by corporate support work for the firm’s impressive blue chip client base, and regularly advises on the tax aspects of M&A deals, banking and finance transactions, and asset transfers. Recent highlights included advising Repsol on the tax structure for the $335m sale of its LPG business in Peru and Ecuador to Abastible; and Carlyle on the tax aspects of its investment in Inca Rail with the Forsyth family. Other clients include América Móvil Perú, Sura, Skanska del Perú, and Amcor.

Rebaza, Alcázar & De Las Casas’ tax team primarily concentrates on advising on the tax structures of domestic and cross-border M&A and investment transactions. However, the practice is not a bolt-on offering for the firm, and has the reputation to win standalone work, including tax litigation instructions, thanks to the skills of team co-head Camilo Maruy. The team advised Olo del Perú on all the tax aspects of the transfer of its shares to America Movil, including a due diligence process, and tax matters related to the sale structure. On the contentious side, Maruy is acting for Bonai in administrative procedures before the Peruvian Tax Court over various VAT claims. Senior associates Andres Gjurinovic and Pilar Huamán are also recommended. 2016 client wins included Albis, Michael Michell, and Industrial Textil Piura.

In 2016, Rubio Leguía Normand promoted Kelly Pérez to the partnership, raising the number of dedicated tax partners to three. Co-led by Marilú Pedraza and César Luna, the practice has strong skill sets across a broad range of corporate tax matters, with tax planning, transfer pricing, restructuring and related litigation all areas of expertise. The mining, energy and finance sectors are a major source of work, and the team regularly advises on the tax aspects of large infrastructure projects. In an example of such work, Pedraza and consultant Gilberto Ramos acted for Metro de Lima Línea 2 in a tax audit procedure brought by the Peruvian Tax Authority and that challenges a VAT tax credit in relation to purchased goods and services. Ramos is also advising Enel Green Power Peru on its access to the Special VAT Early Recovery Regime. Associate Karen Temoche has particular expertise in the energy, hydrocarbon and gas industries.

At Ernst & Young, team head David de la Torre has a distinguished reputation for tax work. The 41-strong team is highlighted for its ability to draw on resources worldwide through the firm’s network of offices, and is a strong option for international tax matters: a main line of work includes advising multinationals with operations in Peru on income tax, transfer pricing, and cross-border transactions. In an on-going headline mandate, Roberto Cores is advising Romero Group on tax planning matters in relation to its foreign investments, and the international restructuring of a number of its entities. He is also assisting Intercorp with the tax aspects of several cross-border transactions. The natural resources sector is a steady source of instructions for the team; clients in that space include Zhong Rong Xin Da (Qingdao), Hochschild Mining, BPZ, and Compañía de Minas Buenaventura.

Being ‘one of the best’, according to satisfied clients, Gálvez & Dolorier Abogadosbelongs to the big leagues’ and ‘only attracts the best professionals’. A case in point is the ‘outstanding’ Silvia Muñoz, whose ‘tax law knowledge is very solid’, her advice ‘reliable’, and her answers ‘always on time’. Sources also highlight tax litigator José Gálvez, whom they hold in ‘high regard’, and who recently advised Corporación Cerámica on the annulment of a tax assessment by the tax authority made in the framework of a tax audit. The firm combines strong tax advisory expertise with an enviable track record in tax litigation. In an on-going case of note, Muñoz is representing Panasonic Peruana in $5.7m tax proceedings before SUNAT over transfer pricing issues. Also on the contentious side, Martín Mantilla successfully represented agribusiness company Mebol, again in proceedings before SUNAT, over alleged tax fraud. Karina Arbulú is another name to note.

The ‘outstandingGálvez, Risso, Zegarra & Asociados entered the market in 2012 following the commitment of founding partners Ramón Gálvez , Carolina Risso and Carlos Zegarra to growing an independent tax and corporate outfit. All three previously held senior positions at KPMG Peru, with many clients praising their ‘excellent technical skills and industry knowledge, ‘timely responses’ and ‘both national and international expertise’. The firm’s client list ranges from domestic and regional companies through to major multinationals, and the team is routinely involved on the full range of tax advisory, tax planning, tax audit, and disputes matters. ‘Great customs law expert’ Zegarra wins plaudits for his ‘proactivity, highly advanced knowledge, and quality advice’. ‘International tax advisor’ Gálvez has ‘deep knowledge of both tax law and the reality of business’; he regularly advises on the tax aspects of corporate transactions and due diligence processes. Risso is praised for her ‘vast experience and solid analytic skills’; she is the name to note for tax planning work in the framework of corporate restructurings, business association contracts, and investment projects. All three have expertise in tax-related administrative and judicial proceedings. Clients include Grupo Romero, Belcorp, Sociedad Agrícola Virú, Copeinca, Celima and Chile’s Latam.

Estudio Olaechea remains a solid tax option despite the 2016 departure of Gustavo Lazo to Rodrigo, Elías & Medrano, Abogados. Jorge Dávila and newly made partner Carolina Rodriguez replaced him at the helm of the practice, and specialise in cross-border tax matters and customs, respectively. The team is noted for corporate tax planning, transfer pricing and tax disputes, and is also active on the tax aspects of transactions and day-to-day corporate matters. Rodriguez is advising Mexican airline Interjet on the tax aspects of its entry in the Peruvian market, while Dávila is acting for WMS Gaming Peru in several customs procedures and audits over VAT refunds in relation to imported merchandise. Associate Natali Huaylla is highly regarded for her expertise in tax disputes.

Led by ‘formidable tax lawyer’ Cristina Chang, the practice at Osterling Abogados strikes a healthy balance between transactional support, tax planning and tax litigation advice, and has particular expertise in mining taxation. In a recent highlight, the ‘brilliant’ Chang (‘dedicated to her clients’ interests, energetic in their defence’) advised Rímac Seguros & Reaseguros on all the tax issues arising from a new life insurance product; she was assisted by associate Raúl Aguinaga, who stands out for his ‘vast knowledge and experience in tax law, creative advice and meticulous analysis’. Newly made partner José del Castillo, who has strength in corporate reorganisations and international taxation, plays a key role in advising Terminales Portuarios Chancay on a procedure to recover VAT paid during the pre-operative phase of the construction of a private port in Chancay. Other clients include Nyrstar Ancash, Sociedad Francesa de Beneficencia, and Merck Peruana.

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