Credicorp Ltd.: Credicorp Ltd. Updates on Tax Dispute with SUNAT
Credicorp (NYSE:BAP), Peru's leading financial services holding company, has provided an update on its ongoing tax dispute with SUNAT (Peruvian Tax Authority). 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.
Credicorp (NYSE:BAP), la principale holding di servizi finanziari del Perù, ha fornito un aggiornamento sulla controversia fiscale in corso con la SUNAT (Autorità tributaria peruviana). La società ha saldato l'importo complessivo di circa S/ 1,6 miliardi relativo alle risoluzioni di accertamento e sanzione emesse dalla SUNAT il 27 giugno 2025.
Pur avendo effettuato il pagamento, Credicorp mantiene la propria posizione sul merito della vicenda e intende impugnare le Risoluzioni per vie legali. L'azienda considera la contingenza remota e non ha effettuato allocazioni a titolo di spesa. Credicorp opera in Perù, Cile, Colombia, Bolivia e Panama e conferma il proprio impegno per la conformità normativa e la tutela degli interessi degli stakeholder.
Credicorp (NYSE:BAP), la principal holding de servicios financieros de Perú, informó una actualización sobre su disputa tributaria con la SUNAT (Autoridad Tributaria peruana). La compañía ha pagado el monto total de aproximadamente S/ 1,6 mil millones relacionado con las Resoluciones de Determinación e Infracción emitidas por la SUNAT el 27 de junio de 2025.
Aunque se ha efectuado el pago, Credicorp mantiene su posición sobre el fondo del asunto y planea impugnar las Resoluciones por la vía judicial. La empresa considera la contingencia como remota y no ha provisionado gastos. Credicorp opera en Perú, Chile, Colombia, Bolivia y Panamá, y mantiene su compromiso con el cumplimiento normativo y los intereses de sus grupos de interés.
Credicorp (NYSE:BAP), 페루의 주요 금융서비스 지주회사, SUNAT(페루 국세청)과의 진행 중인 세무 분쟁에 대해 업데이트를 발표했습니다. 회사는 2025년 6월 27일 SUNAT가 발행한 세무 조사 및 과태료 결정과 관련된 총액 약 S/ 16억 솔을 지급했습니다.
지급은 완료했지만 Credicorp는 사건의 실체에 대한 기존 입장을 유지하며 결정을 법적 절차로 다툴 계획입니다. 회사는 해당 우발사항을 발생 가능성이 낮은 것으로 보고 비용 충당금을 설정하지 않았습니다. Credicorp는 페루, 칠레, 콜롬비아, 볼리비아, 파나마에서 영업하며 규제 준수와 이해관계자 이익 보호에 전념하고 있습니다.
Credicorp (NYSE:BAP), la principale holding de services financiers du Pérou, a communiqué une mise à jour concernant son litige fiscal en cours avec la SUNAT (Administration fiscale péruvienne). La société a réglé le montant total d'environ S/ 1,6 milliard de soles lié aux résolutions de redressement fiscal et d'amende émises par la SUNAT le 27 juin 2025.
Bien que le paiement ait été effectué, Credicorp maintient sa position sur le fond et prévoit de contester les Résolutions par voie judiciaire. La société considère la contingence comme peu probable et n'a constitué aucune provision. Credicorp opère au Pérou, au Chili, en Colombie, en Bolivie et au Panama, et réaffirme son engagement en matière de conformité réglementaire et de protection des intérêts des parties prenantes.
Credicorp (NYSE:BAP), die führende Finanzdienstleistungs-Holding Perus, hat ein Update zu ihrem laufenden Steuerstreit mit der SUNAT (peruanische Steuerbehörde) veröffentlicht. Das Unternehmen hat den Gesamtbetrag von rund S/ 1,6 Milliarden im Zusammenhang mit den von der SUNAT am 27. Juni 2025 erlassenen Steuerfestsetzungs- und Bußgeldbescheiden beglichen.
Obwohl die Zahlung erfolgt ist, hält Credicorp an seiner materiellen Rechtsauffassung fest und plant, die Bescheide rechtlich anzufechten. Das Unternehmen stuft die Eventualverbindlichkeit als unwahrscheinlich ein und hat keine Rückstellungen gebildet. Credicorp ist in Peru, Chile, Kolumbien, Bolivien und Panama tätig und bekräftigt sein Engagement für regulatorische Compliance und die Interessen der Stakeholder.
- Company has sufficient liquidity to cancel the S/ 1.6 billion tax assessment
- Company maintains strong legal position and considers contingency remote
- Significant cash outflow of S/ 1.6 billion soles for tax assessment payment
- Ongoing legal dispute with Peruvian tax authorities creates uncertainty
The Amount Demanded by SUNAT Resolutions Has Been Cancelled; Credicorp Challenging through Legal Channels to Defend Rule of Law
Lima, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Lima, Peru – August 14, 2025 – Credicorp Ltd. (“Credicorp” or “the Company”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, and Panama, today provided an update regarding the tax dispute disclosed on June 30, 2025.
The Company announced that the total amount of the Tax Assessment Resolutions and Fine Resolutions issued by the Peruvian Tax Authority (Superintendencia Nacional de Aduanas y de Administración Tributaria – SUNAT) on June 27, 2025, totaling approximately S/ 1.6 billion soles, has been cancelled. This update does not alter the Company’s position regarding the merits of the case and resolves any potential misperception of outstanding obligations to the Peruvian State.
Grupo Credito has reaffirmed its decision to exercise all legal rights available to challenge the Resolutions. While the Company remains confident in a favorable outcome and continues to assess the contingency as remote, no expense provisions have been deemed necessary.
Credicorp reiterates its commitment to full regulatory and tax compliance, and to safeguarding the interests of its employees, clients, and shareholders.
About Credicorp:
Credicorp (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia, and Panama. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Crédito del Peru (“BCP”) and Banco de Crédito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Management & Advisory, through Credicorp Capital, Wealth Management at BCP and ASB Bank Corp.
For further information please contact the IR team:
investorrelations@credicorpperu.com
Investor Relations
Credicorp Ltd.
FAQ
What is the amount of tax assessment Credicorp (BAP) has paid to SUNAT in August 2025?
How is Credicorp (BAP) responding to the SUNAT tax dispute in 2025?
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What impact does the SUNAT tax dispute have on Credicorp's (BAP) operations?
