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Executive approves changes to the tax code to recover the debts of companies with the State

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The Council of Ministers today approved the modification to the tax code in order to recover the debts that companies have with the Peruvian State, as reported this afternoon by the Minister of Justice, Félix Chero.

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The minister pointed out that these regulatory changes will allow debts to be recovered both at the level of Sunat and the Judiciary.

“Today in the Council of Ministers, among the regulations that have been approved there is one that is very important, which is the modification of the tax code. This will allow us not only to make the tax debt recovery processes more efficient, but it will also allow us to have faster processes, not only at the tax administration level (Sunat) but also through the processes that are carried out in charge as a result of the appeals and challenges before the Judiciary,” the official said at a press conference.

Chero explained that this proposal was an initiative of the Ministry of Economy and Finance and has been unanimously approved by the Council of Ministers. “It is in the line of how to recover all the debts that all kinds of companies in Peru have to the State that have unpaid tax obligations,” he said.

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It should be noted that according to figures from Sunat, as of May this year, tax debts amounted to S/ 27,693 million 532,636. Of this, 93.11% corresponds to 100 large companies in the market, which owe a total of more than S/ 25,786 million 430,125.

What are the companies that owe the most to the Peruvian State?

Telephone companies, banks, mining and construction companies are the ones that lead the list of debtors to the Peruvian State. Telefónica del Perú is the one with the highest tax debt (S/ 5,450 million 903,223), followed by Backus (S/ 1,923 million 983,481).

Third is Las Bambas Mining which maintains a tax debt of S/ 1,465,649,926 million, followed by Scotiabank owes S/ 1,465,649,926 million, and Minera Antapaccay with a total of S/ 1,311,841,440 million.

Source: Larepublica

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