If you are a worker who belongs to the payroll and your goal is to promote and, therefore, ensure that your monthly salary increases, you have surely thought about when your fifth category income taxes will be deducted. It is vital information, because it implies that Sunat You will get a percentage of your salary that can affect your expenses for the month.
For this reason, La República interviewed tax lawyer Jorge Picón to explain how much a person must earn monthly this year for this tax to not be applied, in addition to the consequences if the employer does not make this discount on the worker’s salary.
What is the fifth category income tax?
According to Sunat Fifth category income is considered income obtained in a dependency employment relationship; that is, salaries, wages, allowances, gratuities, bonuses, bonuses, compensation in money or in kind; that is, all remuneration for your personal work.
“The fifth category mainly records what the payroll is and exceptionally some payments to independent workers that are very similar to the payroll, because they are set a place for work, a schedule and are given the means,” adds the lawyer Picón.
It should be noted that the usual thing is that if you are a fifth-category income generator, you do not present sworn statement; However, the situation changes if you have a fourth category income in parallel. In that case, you must present an affidavit for all your income received during the year.
What should your salary be this 2024 so that they do NOT deduct your fifth category income?
In 2023, when the UIT was worth S/4,950, people who earned more than S/34,650 per year had the income tax deducted. fifth category income. However, this 2024, the ITU rose to S/5,150 and the maximum amount of income per year has changed.
“The norm establishes that it is taxed from a point, which is known as the poverty line in all countries, so in Peru, For someone not to pay taxes, they must earn less than S/2,575 or so with this year’s UIT, that is, calculating, about 14 salaries and the CTS, etc. Each year there are around S/36,050 that would not be recorded,” details the tax lawyer.
What happens if they don’t deduct the fifth category income tax?
If your annual income exceeds S/36,050 and your employer has not deducted the fifth category income tax on your pay slips, it may have serious consequences.
“If the employer does not pay, Sunat goes against him with very heavy fines and interest (…). It should be noted that more than 50% of the economy is informal at the tax level, we could say that more than 50% of employers do not retain the fifth category, because they do not have their workers formally,” says Jorge Picón.
Keep in mind that, according to Sunat, the expenses and contributions made by the company in favor of the staff in general, the money that the worker receives for working in a place other than their habitual residence, for example, are not fifth category income. , travel expenses, per diem, lodging, etc.
Source: Larepublica
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