There are the following CFC exemptions: 1.- The total passive income is equal or less than 20% of the total CFC´s income. 2.- The total passive income is equal or less than US$ 6,360 approximately (5 Tax Unit). 3.- Peruvian source income, except for the income generated by CFC as a result of transactions carried out with domiciled taxpayers in the country, provided that: (i) they are related parties, (ii) such income constitutes a deductible expense for the domiciled taxpayers, and (iii) such income constitutes Peruvian source income subjects to a Tax rate of less than 30%.