- Notices of Tax Treaty Developments - Status of Tax Treaties

Entry Into Force of the Tax Convention Between Canada and Peru


On December 30, 2002, the Department issued a bulletin indicating that the Convention between Canada and the Republic of Peru for the avoidance of double taxation and the prevention of fiscal evasion signed on July 20, 2001 had entered into force on December 24, 2002. The bulletin was withdrawn on February 14, 2003, following a notice received by the Government of Canada from the Government of the Republic of Peru that Peru's official notification had been issued in error and that Peru had yet to complete its internal procedures required to bring the Convention into force in accordance with Article 29 of the Convention.

The Department now announces that the Convention entered into force on February 17, 2003, the date on which the Government of the Republic of Peru informed the Government of Canada that it had fully completed its internal procedures required to bring the Convention into force. In accordance with Article 29 of the Convention, its provisions will have effect, in respect of withholding taxes, on amounts paid or credited to non-residents on or after January 1, 2004; and in respect of other taxes, for taxation years beginning on or after January 1, 2004.

For further information contact:

Parry Athenaios
Tax Legislation Division
(613) 992-5864