How to request a tax refund for expenses in restaurants and accommodation?

How to request a tax refund for expenses in restaurants and accommodation?

Currently, Peruvians live a period of economic uncertainty as a result of the decrease in their purchasing power, caused by the high costs of basic products such as food, in addition to the recent announcement of a economic recession. In this context, it is crucial to know possible alternatives to recover part of the resources invested in daily activities. One of these solutions is the request for taxes devolution by electronic ballot to Sunat when the annual declaration of the Income tax.

The tax lawyer Miguel Carrillo Bautista explains that current regulations establish that 15% of expenses made in restaurants and accommodations with electronic receipts can be accumulated throughout the year and become a credit balance that can be used to request a tax refund.

“If you go to a restaurant and pay the bill S/100, 15% or S/15 would be expenses that you accumulate throughout the year. This amount, as a result of the fact that it is a balance or a deduction that will be generated in The determination of the tax generates, therefore, some amount for refund,” he comments. In addition, he adds that the ticket must have the client’s DNI number recorded.

When to request a refund?

According to Carrillo, heThe presentation of the refund request for natural persons before the Sunat is generally carried out between February and March, since that only on this date is the form available to carry out the procedure.

“This year, the form for natural persons that was normally ready between February 14 and 16, was still available as of March 6,” he mentions.

Likewise, it indicates that, once the form is filled out, if the balance is in favor of the taxpayer, two options appear: compensation and return. “If you check the return option, it automatically generates a link and they send you a form in which they only ask you to enter your full name, your telephone number and your Interbank account code, then on the same day that you present the sworn declaration ( income tax) you could already have the refund request,” he details.

How long does the return take?

The legal period that Sunat has to return this amount is 45 business days. However, Carrillo warns that, in practice, this period is shorter because the collecting entity already has a record of the issuer’s income and expenses.

Who can request a refund?

YesOnly those people who during the year have generated fourth or fifth category incometo, regardless of the amount of your income. This includes to those who issue receipts for fees to companies or that are in payroll in a company and receive payment slips.

Source: Larepublica

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