The Net Central Government tax revenues (deducting tax refunds) They accumulated S/100,335 million until August of this year. This represents a drop of 13.8% compared to the amount collected in the same period of the previous year, according to data from the National Superintendence of Customs and Tax Administration (Sunat).
According to the collecting entity, in the first eight months of this year the income from Income tax (IR) reached S/45,614 million, which is 17.8% less than what was collected in this same period in 2022.
Along the same lines, the collection General sales tax (IGV) fell 11.6%; while the amount coming from Excise tax (ISC) rose 1.3%.
August collection
The collection in August 2023 reached S/11,279 million of Net Central Government tax revenues, which is 14.6% less than what was collected in the same month of 20222.
According to Sunat, said result was conditioned por the lower dynamics of economic activity, with a slightly positive growth in the Gross Domestic Product and a decrease in domestic demand in July.
Added to the above is the 17.4% reduction in imports registered in August, which affects the collection of customs taxes.
On the other hand, the decline in the exchange rate by 4.6% compared to August of last year reduced both the income in soles of exporters and the amount payable for import taxes expressed in soles.
Tax results
In August, S/4,013 million were collected through IR, which represents a decrease of 9.9% compared to the same month of 2022.
The decrease was mainly due to lower payments on account of the Third Category, both the General Regime (-14.9%) and the MYPE Tax Regime (-9.6%), Fourth Category (-14.2%), Fifth Category (-5.6%), Income from non-domiciled subjects (-6.6%), Special Income Regime (-5.0%), First Category (-0.2%) and Other Income (-34 ,4%).
Meanwhile, VAT collection reached S/7,104 million, which represents a decrease of 18.4% compared to the same month of 2022.
The Internal VAT decreased by 4.3% and collected S/ 4,113 million, which mainly reflects the lower internal demand, the lower international price of gas and the application of the reduced tax rate on Restaurants and Hotels, approved by the Law No. 31556.
ISC collection reached S/824 million, which represents a decrease of 3.9%. “The Internal ISC decreased by 9.7%. In contrast, the ISC that taxes imports grew by 4.6%, mainly due to higher fuel ISC payments, also increasing the calculation base for the VAT that taxes imports,” Sunat said in a press release.
Tax refunds made during the month of August amounted to S/2,330 million, which represents a decrease of 3.2% compared to the same month in 2022. Refunds to exporters had the highest participation.
Source: Larepublica
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