Milagros Peña

Partner

Bio

Milagros Peña advises domestic and international clients in all aspects of tax and customs law in Peru.

Her experience includes counselling in tax planning for companies in diverse industries, representation in all types of tax administrative proceedings and in tax litigation, as well as structuring diverse commercial and financial transactions. As to the latter, Milagros frequently leads the tax advice in stock and asset acquisitions, reorganizations, mergers, spin-offs, lending and debt issuances.

Amongst the industries in which Milagros is especially active are the banking, insurance, construction, infrastructure, mining, electrical, retail, agriculture and entertainment.

Milagros is also a Law Professor and a frequent Speaker in the fields of Contracts and Tax law. She currently holds the position of Professor of Contracts and Tax Law at the Master´s Degree Program of the San Martin de Porres University (Lima, Peru).

Education

Master of Tax Law by the Autonomous University of Madrid, Madrid, Spain, 2014
Master of Tax Law by the University of Lima, Lima, Peru, 2013
Diploma in Taxation by Pontifical Catholic University of Peru, Lima, Peru, 2008
Juris Doctor, Valedictorian, by the Female University of the Sacred Heart Law School, Lima, Peru, 2007

Practices

Experience

Advised Mapfre Group (insurance) in several tax aspects, including advise on technical reserves for more than PEN 100 million
Advised Productos Avon in a tax administrative proceeding concerning the adjustment of a custom´s valuation of royalties (matter worth PEN 14 million)
Advised Santander Bank Perú against the Tax Administration Agency (SUNAT by its Peruvian acronym, equivalent to the IRS) in a derivatives exchange difference case worth US$51 million

Advisory in the infrastructure projects that develop the San Martín-Paracas-Pisco Port, Choquequirao Cable Car Project (Cusco) and in the Amazon Waterway Turnpike Project, among others
Tax planning for the entire business model of the Edifica Group (construction)
Tax planning for the entire business model of Mapfre Group (insurance), Santander bank and Volterra Inversiones (construction)

Academic Engagements

Law Professor

San Martín de Porres University Law School, Lima, Perú

Law Professor at the Master of Laws Program in Contractual and Tax Law, “Business Taxation”, 2015 to date
Law Professor at the Master Program in Contractual and Tax Law, “Taxation by Industries”, 2015 to date

Speaking Engagements

“Tax Changes of Peruvian Value Added Tax (IGV)”, Congress on Tax Law, Pontifical Catholic University of Peru, Lima, Peru, 2014
“Taxation in Joint Ventures”, Chilean-Peruvian Chamber, Lima, Peru, 2014

Affiliations

Active member of the Peruvian Tax Law Institute

Publications

The joint liability of the legal representatives. Peruvian Review of Tax Law, Lima, 2009

Milagros is a frequent contributor on aspects of Tax Law for the Peruvian economic newspaper “Gestión”

Languages

English, fluent