The departure of former Minister of Economy and Finance Alex Contreras has put at risk not only the pension reform – whose joint project with SBS and BCRP is being debated with his peers in Congress – but also the paralysis of the so-called tax regime simplification reform, which had micro and small businesses (mype) at its heart.
With the tax simplification presented by the former minister last January, there were only two regimes left: the New Simplified Single Regime (NRUS), with those companies whose gross income does not exceed 19 UIT annually, and the General Regime (RG).
This means that the 552,500 companies in the Special Income Tax Regime (RER) and 1 million 46,700 in the Mype Tax Regime (RMT) that existed as of November 2023 must choose which of the other two regimes to enter from January 2025. , despite the fact that the distances between one and the other are “abysmal”.
This represents a real challenge with the sole objective of expanding the country’s tax base, another of the cornerstone aspects that affects collection. The Lima Chamber of Commerce (CCL) assures that achieving more effective tax collection is irrevocably related to increasing the tax base, and therein lies its difficulty, “since this requires reducing informality.”
Fiscal dwarfism in sight
According to tax expert Miguel Carrillo, a RER company that only pays 1.5% of its monthly income (not the 29.5% annual rate) would now have to choose between the RG to make its payments on account for its income. according to the coefficient or 1.5% and pay the annual rate of 29.5%, or divide into several companies that do not exceed 19 UIT individually to benefit from the RUS, paying the monthly sum for each company of S/50, “which would be more attractive to him.”
In the case of the RMT, due to the volume of income they have “they have always had the idea of being careful not to go to the RG.” In their case, they would not definitively enter the NRUS, since it is a disproportionate amount of 19 UITs against the 1,700 UITs that are required of them to remain as a mype.
“They would automatically go to the RG and would rather lose the 10% that applies to the first 15 UITs. Calculating that the ITU 2024 is at S/5,150, we would be saying that the first tranche to pay that percentage, currently, ends when it reaches S/77,250,” explains Carrillo.
According to the specialist, they would lose that deduction, but upon moving to the RG, they would still pay the 29.5% that they would receive with the change of regime. “In their case, they will only feel that they lose that 10% that applies to the first 15 UITs, but they will not go to the NRUS because they exceed 19 UITs monthly and, if they exceed 1,700 UITs per year, they immediately go to the general one. The effect is not so marked for them,” he concludes.
The data
- Base. According to a 2023 report from the Argentine Industrial Union, Peru is the fifth country with the most pressure on formal companies, out of a total of 30 evaluated.
- Statistics. It is estimated that informality in Peru reaches 76% of companies at all levels.
Source: Larepublica
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