Congresswoman Digna Calle Lobatón, from Podemos Peru, proposes that the general sales tax (IGV) on the profit from the interests and commissions that entities of the financial system charge users when making a card payment, in order to increase tax pressure and promote sustainable development.
Bill No. 6620 indicates that the problem that seeks to be addressed is the differentiated tax treatment that exists in the collection of the commission that is generated by the use of points of sale charged by companies such as NIUBIZ, IZIPAI, OPENPAY , among others. Of the total commission that they charge users, a part remains with the service operator and the other is transferred to the bank; However, only the commission charged by the operator, but not the commission charged by the bank, pays VAT.
“The percentage that corresponds to the banks for the use of the POS does not generate taxes, and the regulatory reason under which the VAT is not applied to the commission charged by the bank is found in literal r) of article 2 of the Single Text Ordered from Legislative Decree No. 821, Law of the General Sales Tax and Selective Consumption Tax”, is detailed in the document.
Likewise, it is reported that, from November 21, 1972 to September 30, 1991, tax was charged on the commissions and interests generated; However, since October 1, 1991, these profits were exempt from VAT through Decree Law No. 25748.
Among the arguments for the exoneration was that it was difficult to identify the operating costs in each of the main operations and, on the other hand, credit would become more expensive. That could increase the credit risk and delinquency of the loan portfolio. In this regard, the initiative specifies that these operations They are completely identifiable and, for this reason, the operators pay the VAT, and that the credits will not increase their costs because the tax is directed at profits and not at the final product.
The document is already in the Economy Commission for your evaluation. If approved, it would go to the Plenary for debate and vote.
Source: Larepublica
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