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BCRP: Income tax collection reached S/ 4,406 million and increased 20.7% in June

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Revenues from income tax (IR) totaled S/ 4,406 million and increased 20.7% in June, Compared to the same month of 2021 (S/ 3,649 million), mainly due to higher payments from domiciled and non-domiciled legal entities, reported the Central Reserve Bank of Peru (BCRP).

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The monetary authority detailed that income tax collection from legal entities grew by 41.7% year-on-year. Payments on account of domiciled legal persons increased by 36.9%, and that of non-resident taxpayers, by 84.9%.

“In the first case, he highlighted the increase in income from the general regime by 39.6% year-on-year, for the seventeenth consecutive month, due to the favorable situation of prices of export minerals and hydrocarbons, the application of higher payment coefficients on account of various sectors, in particular mining and hydrocarbons, and the higher level of economic activity”, the BCRP specified. in a press release.

For its part, Income tax collection from natural persons decreased by 13.1% year-on-year in Juneafter fifteen consecutive months of growth, due to lower income from second category income, which was partially offset by higher income from fourth and fifth category income (income from independent and dependent workers, respectively).

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Finally, the BCRP indicated that, in the first semester, collection grew by 48.4% due to significant payments from individuals (27.6%) and legal entities (36.2%)mainly due to higher revenues from the regularization of the income tax (95.3%), given the increase in them during the regularization campaign.

Source: Larepublica

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