The Central Reserve Bank of Peru (BCRP) reported that income tax collection grew by 49.7% between November 2020 and 2021 (23.1% compared to November 2019), mainly due to higher payments to count of legal persons.
In detail, the collection of personal income tax increased by 33% percent compared to November 2020 (22.9% compared to the same month of 2019), justified by the higher income from second category income (dividends).
Meanwhile, the income tax collection of legal persons increased by 57.2% compared to November 2020 (22.8% compared to the same month of 2019), which was influenced by the recovery of economic activity, higher export mineral prices and the depreciation of the sun, to which adds up to the record of extraordinary income for non-domiciled persons.
In the January-November 2021 period, income from income tax increased by 40.9% compared to the same period in 2020 (21.1% compared to January-November 2019). This result was mainly influenced by higher payments on account of domiciled legal entities and the regularization of income tax, mainly from companies in the mining sector. Likewise, the highest rent payments in the second, fourth and fifth categories contributed.
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