Tax Deductions Related to an Environmental Accident According to the Peruvian Legislation

In January of 2022 the coast Peru was affected by leak over eleven thousand barrels oil into sea. The company responsible for (Repsol) has taken measures in order to compensate environmental damage caused but there are also fines be applied against such entity. aforementioned include cleaning ocean as well donation provisions population that been directly accident, among others. Considering expenses come a direct consequence an accident it is important analyze tax treatment applies them. This analysis develops from premise according Peruvian Tax Law (PTL) expense complies with causality principle (CP) can deducted determine net taxable income. CP implies long takes place objective maintaining source income or create For current analysis, legislation, doctrine and jurisprudence have considered. allowed us conclude even though legislation considers parameter whether not deducted, some related which cannot