Sunat: what is the tax regime of my business and what obligations should I be aware of?

When starting a business there are many details to take into account so that it is carried out in a formal way. That is why it is important that you know how to choose the tax regime that corresponds to you in the National Superintendency of Customs and Tax Administration (Sunat) in order to comply with your tax obligations and establish the way in which you will pay taxes and levels. of payments thereof. Find out all the details of the types of tax regimes here.

What tax regimes exist for businesses and companies?

There are four tax regimes that have their own characteristics depending on their levels of income or purchases, activities and type of proof of payment that you should know.

• New Simplified Single Regime – NRUS: for individuals who are just starting a small business.
• Special Income Regime – RER: for people with business and legal entities that obtain income from commercial, industrial and service activities.
• MYPE Tax Regime – RMT: for micro and small companies with the objective of promoting their growth by providing them with simpler conditions to comply with their tax obligations.
• General Regime – RG: for medium and large companies (people with business or legal entities) that generate third category income. Likewise, to associations of any profession, art, science or trade and any other profit or income obtained by legal persons.

What is the New Simplified Single Regime (NRUS)?

If you are a natural person and you are going to start a small business such as a winery, market stall, shoe store, bazaar, restaurant, toy store, hairdresser or others and you will only issue a sales ticket, you can join the NRUS. You cannot be in this regime if your income or purchases exceed the amount of S / 8,000 per month or S / 96,000 per year.

What categories exist in the NRUS?

To calculate your single monthly payment, you must consider your income or purchases for the month and place yourself in one of these categories:

• Category 1: income or purchases up to S / 5,000. The fee is S / 20.00.
• Category 2: income or purchases up to S / 8,000. The fee is S / 50.00.

What restrictions are there on the NRUS?

• You cannot issue invoices for your sales or services
• You don’t need to keep accounting books
• You are not required to file an annual return
• You only have to make a single monthly payment online or banks.

What is the Special Income Regime (RER)?

In this tax regime are people with business and legal entities that obtain income from commercial or industrial activities, and service activities. In the RER you only keep two accounting records (purchases and sales), you issue all kinds of payment vouchers, you only submit monthly statements and you are not required to submit annual statements.

What restrictions are there on the RER?

• Your annual income or purchases must not exceed S / 525,000 soles
• Have a maximum of 10 workers per work shift
• The value of fixed assets must not exceed S / 126,000 soles (except vehicles and property)
• Nor can you perform activities not understood.

What is the Mype Tax Regime (RMT)?

It is a regime specially created for micro and small companies with the aim of promoting their growth. The Mype Tax Regime (RMT) requires simpler conditions to comply with their tax obligations.

What are the advantages and benefits of belonging to the Mype Tax Regime?

• Amounts to pay according to the profit obtained
• Keep rates low
• Carry out any type of economic activity
• Issue all types of payment vouchers
• Keep accounting books based on your income.

Who is not allowed in the RMT?

• Taxpayers with direct or indirect ties based on capital and whose total annual net income exceeds 1,700 UIT or S / 7,480,000.00.
• Branches, agencies or any other permanent establishment of companies incorporated abroad.
• Natural or legal persons with annual net income of more than 1,700 UIT or S / 7,480,000.00 in the previous year.
• Private Educational Institutions (IEP) regulated by Legislative Decree 882. These are taxed according to the rules of the General Income Tax Regime.

What expenses can you deduct if you belong to the RMT?

The RMT also allows you to deduct expenses related to your business from your income. In this way you pay the tax on the final profit of the year, for which you must submit an annual affidavit applying the following rates:

• Profit Tranche: up to 15 UIT or S / 66,000.00 with a 10% rate on profit.
• Profit Tranche: more than 15 UIT or S / 66,000.00 with a rate on profit of 29.5%

What is the General Regime (RG)?

It is aimed at medium and large companies (people with business or legal entities) that generate third category income, also to associations of any profession, art, science or trade and any other profit or income obtained by legal persons. In this scheme there is no income limit.

What advantages does the General Regime have?

The advantage of this tax regime is that you can develop your business in any activity and with no income limit. In case you have economic losses in a year, they can be deducted from the profits of subsequent years, which can reach the case of not paying Annual Income Tax.

How to register my company or business in the Sunat?

When you decide to start your economic activities as a natural or legal person, you must approach the Taxpayer Service Center of the Sunat of your locality to request your registration in the RUC. To obtain the RUC number you must comply with the following:

• ID of the legal representative of the company (original and copy).
• A public service receipt showing the fiscal address of the company, (place where it will carry out its activities) such as water, electricity, cable and fixed telephony (original and copy).
• The registration form or entry of the company in Public Registries with an antiquity not exceeding 30 calendar days (original and copy).

Then, Sunat will give you your treble clef for free and in a sealed envelope the day you sign up for the RUC. Remember that your password is personal and secret.

By having your RUC number and your SOL Code, you can voluntarily register in the Micro and Small Business Registry (Remype), which is in charge of the Ministry of Labor and Employment Promotion, by entering the website: www.mintra.gob.pe.

How to change the tax regime of my company?

If your business grows and you need to change your regime, you can do it at any time. It is important that you make your payments according to the monthly due schedule, ordered according to the last digit of the RUC.