Practice area

World Tax Reviews

CMS Grau

CMS Grau began as a leading advisor to the mining industry, but has since grown to pick up work in sectors such as retail, banking, agriculture, energy, aviation, real estate and construction among others.

During the research period the firm advised Silver Wheaton on the tax aspects of the offtake finance granted to Hudbay Group for the construction and implementation of the Constancia Project for approximately $600 million and advised in the process of granting securities by Hudbay’s Peruvian subsidiary.


The tax team at Deloitte comprises five partners and 105 other professionals, including practice lead Gustavo Lopez-Ameri. Lopez-Ameri is a frequent guest speaker at local and regional seminars on taxation and legal topics. He is also the former International Fiscal Association chairman for Peru.

The firm has a multidisciplinary team of lawyers, economists and public accountants. The firm advises on corporate and transactional tax, litigation and indirect tax.

Estudio Echecopar

Estudio Echecopar has substantial experience in dealing with tax matters in the banking, healthcare, retail, mining, and oil and gas industries. The firm is recognised for its work in transactional tax in relation to M&A deals. The firm is a Baker McKenzie member firm that allows it to provide comprehensive advice to clients' when dealing with cross border transactions.

The firm's tax practice comprises one partner and eight other tax professionals, including Sandra Montrone Pisculich who joined the firm in October 2016. The practice is led by Rolando Ramirez-Gaston Horny who focuses on transactional tax and planning. 

During the research period the tax team advised INVEPAR with tax planning for the sale of its Peruvian subsidiary Línea Amarilla in order to optimise shareholder benefits. The complexity of this matter involved analysis of different selling options and assessing the most efficient tax structure and the indirect transfer of assets.

The team recently added Jorge Liendo as an associate.

Estudio Olaechea

Estudio Olaechea is a full-service law firm that provides consultancy in fiscal obligations, procedures, tax planning and transfer pricing. The firm is also experienced in international tax matters.

Jorge Dávila and Carolina Rodríguez are the key partners in the firm's tax practice. Dávila's practice focuses on tax planning and consultancy while Rodríguez's focuses on international trade, trade and tax law.


EY's international tax service advises financial services professionals and tax directors of multinationals on a variety of tax matters. The firm's tax practice is 12 strong including practice lead Fernando Tori.

The firm offers services in supply change management, transfer pricing, transactions, capitalisation and repatriation matters.

EY has also collaborated with the Peruvian Ministry of Foreign Affairs to develop the official investment guide for Peru.


Garrigues in Peru is led by José Chiarella, who joined the firm in August 2016 from Rodrigo Elias & Medrano.

The firm offers services in the areas of tax planning, tax litigation and tax advisory. Its practice regularly works alongside the firm's other regional offices to advise clients on cross-border deals such as the corporate restructuring of the Camposol group and the acquisition of Stratton Spain. Further, it has assisted Grupo Quironsalud Spain in tax planning relating to the purchase of a majority interest in a local health institution Clinica Ricardo Palma.

The firm can also point to its work providing in-depth analysis of the tax consequences relating to intangibles and compensations arising from concession agreements.

The team’s recent experience in general corporate tax matters includes advice to Scotia Sociedad Agente de Bolsa, Scotia Capital and Morgan Stanley on the tax planning for the issue of a number of corporate bonds by Fondo Mivienda as well as Citibank.

The team recently added Rosa Chevarria as principal associate, as well as Yamila Reinides and Sara Oriundo as associates.

Muñiz Ramírez Pérez-Taiman & Olaya Abogados

Muñiz Ramírez Pérez-Taiman & Olaya Abogados's tax practice specialises in the areas of transactional tax and tax planning in connection with M&A and financial transactions. The firm has also developed expertise in structuring tax-efficient solutions related to IPOs.

The firm's tax division is led by Fernando Castro-Kahn and consists of six partners and 10 other tax professionals. 

During the research period, the firm has acted on matters including the acquisition of Empresa de Generacion Huallaga by China Three Gorges. The team helped to implement an efficient cross border holding structure and by the complexities for the closing as the target company was subject to certain rules enacted by the Peruvian Government to secure the payment of the indemnification that the vendor, an entity from Odebracht’s group.

The team has also acted on a number of tax dispute cases including advising Telefonica del Peru.

Payet Rey Cauvi Pérez Abogados

Payet Rey Cauvi Pérez Abogados's tax practice focuses on general corporate tax and planning, special tax audit assignments and litigation.

The firm has extensive expertise in the tax aspects of M&A, spin-offs and the transfer of assets. Its client list includes companies in the construction, mining and telecommunications industries.

The tax team comprises one partner and six other tax professionals. Its practice is led by Iván Chu del Águila who joined the firm in 2014. New to the team are Vanessa Watanabe, who joined the firm from Volcan Compañía Minera and Lisset López who joined from EY.

Rodrigo Elías & Medrano Abogados

Rodrigo Elías & Medrano Abogados' tax practice advises on tax compliance, tax planning, tax audits including private and governmental, transfer pricing, tax assessments and wealth management matters.

The firm's tax department is led by Alex Córdova. The team comprises 10 partners and 14 other tax professionals, including tax expert Humberto Medrano, who sits as counsel. Córdova sits as president of the tax committee of the Mining Oil and Energy National Society and the American Chamber of Commerce of Peru.

The firm has successfully defended companies in the energy, mining and telecommunications sectors in high-value tax assessments carried out by the Peruvian tax authority, SUNAT.

During the research period the firm advised a Peruvian mining company on the consolidation of its ownership of a copper mine in southern Peru. Furthermore, it has assisted Brookfield Asset Management on the tax aspects of its acquisition of a 57% stake in Peruvian toll road consortium Rutas de Lima.