PERU Law and Practice Contributed by: Alvaro Echeandía, Alfred Kossuth Wieland, Pilar Santillán Meza and Rodrigo Varillas Cueto, Thorne, Echeandia & Lema Abogados
8.3 Role and Authority of the Data Protection Agency The National Authority for the Protection of Per - sonal Data (ANPDP), which is attached to the Ministry of Justice, is the authority responsible for enforcing data protection laws in Peru. The main role of such authority is to oversee com - pliance with the Personal Data Protection Law (Law No 29733) and its associated regulations, as well as to ensure the adequate protection of personal data in the country. The ANPDP has the authority to impose sanc - tions and corrective measures in case of non- compliance with legal provisions related to data protection. Additionally, it is empowered to provide advice and guidance to organisations and citizens on compliance with data protection regulations. In summary, the ANPDP plays a crucial role in the effective enforcement of data protection standards in Peru, ensuring respect for citizens’ privacy rights and promoting good practices in the handling of personal information.
marketplaces, to increase tax revenue. Also, payments on account of income tax on capital gains from indirect sale of shares for natural persons will be modified. The rules on advance agreements and other transfer pric - ing methods will also be refined. • A series of measures will be taken to promote public, private and public-private investment projects, with various administrative simplifi - cation measures and modifications to guaran - tee legal stability, as well as promote private investment. • Likewise, improvements will be established to simplify and optimise the processes for pro - moting investment in public-private partner - ships and projects in assets. In addition, Peru has concluded negotiations with the UK to conclude a Double Taxation Agree - ment (DTA) for both countries in the hopes of promoting the economic development between them. Is expected that in a couple of months, the treaty will be signed and come into effect. Plans to initiate negotiations for a DTA with Chi - na have also been mentioned, which is highly anticipated. Finally, the Peruvian government recently announced its intentions to declare the mega port of Chancay (in Lima) and its area of influ - ence as a Special Economic Zone (SEZ). If a bill is approved, this will grant tax benefits for companies that invest in the area, with the goal to attract foreign direct investment and boost economic development.
9. Looking Forward 9.1 Upcoming Legal Reforms
Among others, the Peruvian Parliament has recently passed Law No 32089, which will allow the Executive Power to legislate on various mat - ters until 3 October 2024. • Regarding taxation, VAT will apply to B2C dig - ital services and provision of goods through
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