The Peruvian Government observed mid-year that the State had not met expectations for reducing the annual fiscal debt below 2.8% in 2024. Therefore, institutions have agreed on a new special installment plan for tax debts administered by the National Superintendence of Customs and Tax Administration (SUNAT).
The fiscal debt of the Non-Financial Public Sector (SPNF) was at 3.9%, reflecting the average of previous months. Thus, the debt was far from the target set by Legislative Decree Nº 1621, which aims for a reduction to 1% by 2028.
The national government approved this installment plan through Legislative Decree Nº 1634 and Superintendent Resolution Nº 000206-2024/SUNAT. This benefit applies to taxpayers’ debts payable to the tax administration until December 31, 2023. Through this installment plan, tax debtors can benefit from a bonus that reduces their interest and fines. Taxpayers can submit their applications until 28th February 2025 to receive this tax benefit.
The fostering fee depends on the type of payment chosen. Firstly, there is the option of cash payment. Additionally, there are two installment plans: a summary payment with an initial installment of at least 25% of the total amount, and a split payment with an initial installment of 10%. The bonus percentages are based on the Tax Unit (UIT).
The objective of this rule is to boost state tax collection and facilitate taxpayers in settling their tax debts through these benefits. This measure was similarly applied in El Salvador, where the collection of tax debts was reorganized.
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