Sunat received financial information from more than 42,000 nationals abroad

Peru has received financial information from more than 42,000 nationals, including Business and high net worth individuals, from 40 jurisdictions, as part of the automatic exchange of information for tax purposes promoted by the Organization for Economic Cooperation and Development (OECD).

These data, which refer to accounts and financial instruments with balances and yields totaling close to US $ 17,000 million, they were sent by tax agencies around the world to the National Superintendency of Customs and Tax Administration (Sunat) and will be incorporated into their risk model to verify compliance with their Fiscal obligations.

Among the jurisdictions that have reported the highest amount of funds (balances and returns) abroad owned by our compatriots are the Cayman Islands, Luxembourg, Germany, Australia and Guernsey, which account for about 90% of the total.

The exchange of information for tax purposes is possible because, in October 2020, the Sunat far exceeded the evaluation of compliance with the highest standards of confidentiality and information security established by the OECD, which are analogous to those of the developed countries.

This achievement allowed the Peru to become a reciprocal jurisdiction, that is, in addition to receiving, it sends financial information on foreign individuals and companies that are in the country to tax agencies abroad, said the National Superintendent, Luis Enrique Vera.

To that end, since last year, banks, finance companies and savings banks have sent Sunat information corresponding to the general data of the bank accounts of foreign people and companies settled in Peru, for the exchange of financial information that promotes the OECD, as part of its global crusade against cross-border tax avoidance and evasion.

Similarly, in order to prevent and detect tax evasion and avoidance, as well as other crimes that financial operations can use to hide themselves, different international organizations promote access to financial information of citizens and national companies by Administrations Tax.

In the case of Peru, as in most countries in Latin America and the world, this also includes access to general data on bank accounts starting at S / 30,800 (7 UIT), which represents only 3.5% of the existing accounts in the country, and that the banks began to report to the Sunat since this year.

From the information received from abroad The Peruvian Tax Administration has initiated tax control actions on a group made up of 438 high-net-worth individuals with financial returns abroad estimated at S / 318 million.

According to the OECD, the financial and tax transparency measures that it promotes worldwide, both for international exchange purposes and to reduce tax evasion and avoidance in the countries of origin, aim to advance towards justice and equity. tax for the benefit of all citizens.