Through Law 31827, made official by Congress, new tax incentives are established for Peruvians residing abroad in order for them to return to the country.
These facilities on the return of our compatriots, Regardless of their immigration status, it seeks to reintegrate them economically and contribute to the generation of productive employment and favor the “transfer of knowledge and technology” after the COVID-19 pandemic.
Requirements to access tax incentives
Those who return from abroad will express in writing before an embassy or, once inside Peru, their interest in qualify for tax benefits within a maximum period of 180 calendar days before or after reentry.
Some requirements must be met: having resided abroad for no less than three years without interruption. Those forced by the receiving country to return due to their immigration status and who have remained abroad without interruption for two years will also benefit.
The computation for the period required abroad for both cases will not be affected by the visits made by said compatriots to Peru as long as they do not exceed 180 calendar days a year, be they consecutive or alternated.
Thus, a card will be given that allows the citizen to access the benefits. The foster care request must be resolved within a period of no more than 30 business days, according to the norm.
What will be the benefits?
For the only time, the following will be released from the payment of taxes in the internment of these assets:
- Household items up to US$50,000.
- A motor vehicle for up to a maximum of US$ 50,000, according to the table of referential values of the National Superintendence of Customs and Tax Administration (Sunat), provided that the requirements established in the current regulations are met.
- Instruments, machinery, equipment, capital goods, medical devices and other goods that they use in the performance of their work, profession, trade or business activity, up to a maximum of US$350,000 provided they present a project profile for a productive area directly linked to the development of their work, profession, trade or company, that they intend to develop in the country, or that they are duly accredited scientists or researchers.
Tax incentives will be requested from Sunat within six months from your entry into the country if you obtained your card abroad. If this was issued on Peruvian soil, the term runs from its issuance.
In the event of a fortuitous event or force majeure that makes it impossible to meet the deadline for submitting your application, the Ministry of Foreign Affairs and the Sunat will exceptionally attend to the citizen.
In addition, the Ministry of Health (Minsa), through the General Directorate of Medicines, Supplies and Drugs (Digemid), will authorize the importation of medical devices, including those that use ionizing energy sources; likewise, used machinery and equipment that use radioactive sources, which must receive the approval of the Peruvian Institute of Nuclear Energy (IPEN).
Source: Larepublica
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