The tax revenue of the Government plant reached S/11,838 million in February 2023, which meant a year-on-year increase of 2.3%. In this way, the collection in the second month of the year showed a positive result, after three months of consecutive falls, since it fell in January (-3.8%), December (-13.5%) and November (-19 ,4%).
The Sunat explained that the growth in collection was driven by the higher payments on account of the third category income tax declared and paid by the mining and hydrocarbons sectors.
In addition, the favorable effect generated by the payment of deferred obligations corresponding to January had an influence, as part of the measures to provide liquidity to the companies. They also favored higher extraordinary payments.
However, this progress was mitigated by the lower dynamics of the economy during January, which affected sectors such as trade and production. Added to this is the reduction of more than 7% in the level of imports.
IR advanced by 11.5%
In February, S/5,172 million were collected for income tax (IR), which meant a growth of S/902 million or 11.5% compared to what was obtained in the same month last year.
For its part, the general sales tax (IGV) achieved S/6,567 million and fell -6.9%. While the selective consumption tax (ISC) with S/756 million fell by -13.4%.
Tax refunds made in February amounted to S/1,416 million.
Ruling of the TC and its impact
Recently, the Constitutional Court (TC) prohibited charging default interest on tax debts in dispute.
The MEF has been against this ruling since it sets a precedent for large companies that keep their debts in court. In addition, this “tax remission or amnesty, according to Sunat estimates, is equivalent to S/12,000 million.” The Fiscal Council also warned that this decision negatively affects future tax collection.
Data
Other income. The collection corresponding to this item reached S/625 million and fell 15.6% year-on-year.
Returns. In February they amounted to S/1,416 million, which meant a contraction of 25.2%.
Infographic – The Republic
Infographic – The Republic
Source: Larepublica
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