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Set up a legal entity and tax information for Peru

This article explains how to set up a legal entity and tax information for a company in Peru in Microsoft Dynamics 365 Finance.

The following procedures show how to use the Latin American (LATAM) features that are available in Dynamics 365 Finance to set up a legal entity and tax information for a company that is located in Peru. A legal entity represents the company. It contains the tax and legal attributes that are required for the rest of the LATAM configuration.

Before you begin, in Dynamics 365 Finance, open the Feature management workspace (Systems administration > Workspaces > Feature management), and verify that the LATAM globalization expansion and LATAM globalization expansion – Peru features are enabled. If they aren't enabled, enable them.

After you're sure that both features are enabled, complete the following procedures.

To create a legal entity, follow these steps.

  1. In Dynamics 365 Finance, go to Organization administration > Organizations > Legal entities, and select New.
  2. In the address setup, set up the address format for Peru.

Note

This procedure describes the main settings that are required for localization. You can set other fields that are required for other Dynamics 365 Finance features that you use.

Set up tax information

To set up tax information, follow these steps.

  1. Create a document class letter without a prefix. This document class letter is used in taxpayer and document class configurations.

  2. Go to Organization administration > Setup > LATAM > Tax ID type, and select New.

  3. In the Overview section, in the Tax ID type field, enter RUC (Unique Taxpayer Registry).

  4. In the Format field, enter XXXXXXXXXXX for the RUC tax ID type. Learn more in Tax ID types for Latin America.

  5. Go to Organization administration > Global address book > Addresses, select the country where the company is located, and then select LATAM to add the RUC tax ID type. Learn more in Address setup for Latin America.

  6. Go to Organization administration > Setup > LATAM > Taxpayer type, and select New to create a record for organizations.

  7. In the Type field, select Persona juridica. Then add the tax ID type and the document class letter that you created. Learn more in Taxpayer types for Latin America.

  8. Go to Organization administration > Organizations > Legal entities.

  9. In the LATAM section, configure the following entity tax and legal information:

    1. In the Taxpayer type field, select Persona juridica to represent an organization.
    2. In the Based in country/region field, select Peru.
    3. In the Country document type field, select RUC.
    4. Complete the country document number, including the tax ID number of the company.