Practice area

World TP Reviews

Transfer pricing

Established in 2017, +Value is owned by Rodrigo Elias & Medrano Abogados and Tania Quispe with the purpose of offering clients specialised transfer pricing services. Tania Quispe heads the transfer pricing practice area. It works closely with the transfer pricing department at Rodrigo Elias & Medrano, led by Tulio Tartarini, as they have a strategic alliance. 

During the research period, the transfer pricing team worked on numerous transfer pricing matters. All cases and clients remain confidential. 

Client feedback 

“Meets the expectations, always acts in a proactive manner and attends requests in a timely manner.” 


CMS Grau, established in 2017 with the joining of Grau to CMS, is part of a global network with 73 offices in 41 countries. Juan Carlos Escudero is the managing partner of the firm, which specialises in the mining, oil and gas and energy sectors. Transfer pricing services began in 2018 and the practice area is led by Carlos Chirinos. Clients include Sierra Antapite, Clínica Santa Isabel, China Railway, Synthesia, Responsibility America Latina, Affinity, Grupo Falabella and Schlumberger, just to name a few.  

Client feedback 

“Good work.” 


Gloria Guevara leads the transfer pricing team at Deloitte & Touche Peru. It offers transfer pricing services in planning, consulting and dispute resolution. While the team works with most sectors, it is mostly active in consumer and industrial products, energy and resources, financial services, life sciences, healthcare, public, technology, media and telecommunications.

During the research period, the transfer pricing team advised clients on matters relating to consortium structures formed between supermarkets and their financial activity, as well as department stores and their financial activity. Additionally, the team advised a client on an income tax audit process focused on transfer pricing. All clients remain confidential. 

Estudio Echecopar

Rolando Ramirez-Gastón Horny is the leader partner in the tax practice area of Estudio Echecopar, a member firm of Baker McKenzie. It was founded in 1950 and began its relationship with Baker McKenzie in 2012. It is active in the banking, healthcare, retail, agribusiness, mining, energy and oil and gas sectors. 

During the research period, the team advised Real Estate Capital on matters regarding a securitisation transaction requiring a financing structure that is new in Peru. It also worked with another client to determine the arm's-length share value of the client’s shares. 

Estudio Olaechea

Founded in 1878, Estudio Olaechea is Peru’s first law firm, and one of the oldest in South America. The tax team consists of six lawyers who have extensive experience across all areas of tax. Partner Jorge Dávila is a key individual who has considerable experience in transfer pricing. Its clients come from a wide range of sectors including real estate, financial services, telecommunications, food and beverage, engineering, mining, forestry and automotive. 

In the past 12 months, the team worked on several transfer pricing matters. All matters and clients remain confidential. 

Grant Thornton

Walter Ruiz Aliaga is the transfer pricing manager at Grant Thornton Perú. As part of the Grant Thornton network, it has access to a global network of more than 47,000 professionals in 130 countries. The team prides itself on providing innovative, forward-thinking solutions to large multinationals, private enterprises and individuals.  

Over the past 12 months, the group assisted Glore Peru and Dohwa Engineering in the preparation and planning of Local File 2017 and Tax Planning Study 2018. It also similarly helped Pluspetrol Perú in preparing and planning the Local File 2017 report. Other clients include Anovo, Nikken, Mercadolibre and Hidalgo e Hidalgo. 

Client feedback 

“Technically they are very good, there was good interaction with the members of the firm and the reports were delivered in a timely manner.” 

Rodrigo Elías & Medrano Abogados

Tulio Tartarini oversees the transfer pricing practice area at Rodrigo Elías & Medrano Abogados. Other key individuals include Paolo Abregú and Paul Nina. They maintain a close working relationship with +Value, a company they established in 2017 for the purposes of transfer pricing. 

Throughout the research period, the team worked on several transfer pricing cases. All matters and clients are confidential. 

TGS Sarrio & Asociados

Sarrio & Asociados was established in 1979 and became a member of Summit International, which was subsequently renamed Baker Tilly in 2001. The firm left that group in 2010 and took up membership with Grant Thornton. In September 2018 it chose to make a change again and came together with TGS. Its work is delivered in six categories: compliance, transfer pricing, tax consulting, legal consulting, labour consulting and tax outsourcing.

Details about the firm's work remains confidential.

There were a number of changes to the team during the research period. Perhaps most notably this included the addition of a team including transfer pricing analysts Bill Jacay and Patricia Liu. In addition, it also added transfer pricing assistant Andrea Oviedo. Going the other way, the team also saw the departure of a transfer pricing senior.