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Peruvian Tax Authority Cancels Tax Assessment Resolutions Against Credicorp Ltd.
ByAinvest
Thursday, Aug 14, 2025 10:22 am ET1min read
Credicorp Ltd. has received an update on its tax dispute with the Peruvian Tax Authority (SUNAT), with the total amount of the Tax Assessment Resolutions and Fine Resolutions issued on June 27, 2025, totaling approximately S/1.6 billion soles, being cancelled. The Company reiterates its commitment to full regulatory and tax compliance, and to safeguarding the interests of its employees, clients, and shareholders.
Title: Credicorp Ltd. Updates on Tax Dispute with SUNATLima, Peru – August 14, 2025 – Credicorp Ltd. (NYSE: BAP | BVL: BAP), Peru's leading financial services holding company, has provided an update on its ongoing tax dispute with the Peruvian Tax Authority (SUNAT). The company has cancelled the total amount of approximately S/ 1.6 billion soles related to Tax Assessment and Fine Resolutions issued by SUNAT on June 27, 2025.
While the payment has been made, Credicorp maintains its position on the case's merits and plans to challenge the Resolutions through legal channels. The company considers the contingency as remote and has not made any expense provisions. Credicorp operates across Peru, Chile, Colombia, Bolivia, and Panama, and remains committed to regulatory compliance and stakeholder interests.
The cancellation of the demanded amount does not alter Credicorp's position regarding the merits of the case and resolves any potential misperception of outstanding obligations to the Peruvian State. The company has reaffirmed its decision to exercise all legal rights available to challenge the Resolutions, expressing confidence in a favorable outcome while assessing the contingency as remote.
Credicorp reiterates its commitment to full regulatory and tax compliance, and to safeguarding the interests of its employees, clients, and shareholders. The company's diversified business portfolio includes Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory services.
For further information, please contact the IR team at investorrelations@credicorpperu.com.
References
[1] https://www.stocktitan.net/news/BAP/credicorp-ltd-credicorp-ltd-updates-on-tax-dispute-with-vbssl1gpf5b9.html
[2] https://www.globenewswire.com/news-release/2025/08/14/3133538/0/en/Credicorp-Ltd-Credicorp-Ltd-Updates-on-Tax-Dispute-with-SUNAT.html
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