Sunat: For every 100 sols, 33 sols are not collected due to unscrupulous taxpayers who do not pay income tax.

During the past year, for every 100 soles, 28 soles of the General Sales Tax (IGV) were not paid; while with regard to income tax, there are 33 soles for every 100 sols, which are not declared to the National Administration of Customs and Tax Administration (Sunat).

According to Sunat, non-compliance General sales tax (IGV) in 2020 was 38.4%, and in 2021 it decreased to 28%. Last year it was calculated that non-payment of VAT amounted to 22 million 926 thousand soles. However, the amount could have been more, but the actions of the collector made it possible to recover 2,617 million soles to the Peruvian treasury.

At the same time, income tax evasion (IT) in 2020 was 38.4%, and in the following year it decreased to 28%. Last year alone, the amount of non-payment of IR amounted to 24 million 959 thousand soles. However, the figure could be higher, but Sunat collected an additional 10 thousand 47 million salts in favor of the country.

Non-compliance with General Sales Tax (IGV) was 38.4% in 2020 and was reduced to 28% in 2021. Last year it was calculated that non-payment of VAT amounted to 22 million 926 thousand soles.

With IGV and income tax being collected, Peru received more than 12 billion additional soles last year for its successful anti-avoidance strategies and policies. Despite the progress, according to Palmer de la Cruz, Sunat’s National Intendant for Strategies and Risks, much remains to be done.

Based on information from Sunat, about 4 out of 10 officially registered companies practice unfair tax practices that cause economic damage to the country. He clarified that the business sectors in which these bad strategies are most evident are related to the export of services and the marketing of goods.

risky schemes

In order to further advance in the fight and prevention bad tax practiceSunat has updated its “High Risk Tax Scheme Directory” with eight additional ways to obtain undue tax advantages.

One way to avoid tax compliance is to broker the sale of minerals through tax havens.

Approximately $2 billion a year leaves the country to sell minerals to tax havens, but the information reported by customs about this sale barely reaches $8 million a year.

In this scheme, a company registered in Peru sells minerals at a discounted price to a company located in a tax haven; the acquiring company subsequently sells the same mineral to a customer residing in a third country and at a significantly higher price. In other words, they pay Peru a sales tax that is much less than the price at which the mineral that left the country is ultimately sold.

Through this method, approximately $2 billion a year leaves the country to sell minerals to tax havens, but the information reported to customs about this sale barely reaches $8 million a year.

Another way to unjustifiably reduce taxes is to sell and then repurchase a luxury car under the guise of canceling said sale.

This includes a trading company importing and selling a luxury car that is returned by the buyer after using it for 11 months, for which the company issues a credit note canceling the transaction; however, he sells another car to the same customer, applying the discount.

With the issuance of a credit note, the company reduces the amount of its income for income tax and IGV, causing damage to the treasury. At the same time, the company sells the returned car to another customer as a used car at half price, creating more benefits in its favor as it pays less income tax by misusing the original value rather than the buyout value.

Peru annually imports an average of 140,630 cars for personal use in the amount of 1,836 million dollars a year; therefore, practices such as those described have a significant impact on the collection of funds intended to cover the national budget.