After growing 4% in April 2024 compared to the minimum levels reached in the same month last year, the Peruvian Government also aims to strengthen the application of measures to reduce tax non-compliance.
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The Ministry of Economy and Finance (MEF) reported that collection increased 4% in real terms in April, driven by the 13.5% expansion of VAT revenues.
“In particular, the domestic VAT grew 6.1% in real terms, which reflects a good performance of domestic demand in March,” the MEF said in a press release.
By economic sectors, the largest increase in VAT was recorded in the non-primary manufacturing, commerce, construction and other services sector.
Also noteworthy is the 24.6% increase in real terms in VAT collection on imports, which is associated with an increase in the dynamism of private spending, both consumption and investment.
Added to this was the record of extraordinary income associated with Sunat’s actions for the recovery of tax debt for around S/1,000 million (corresponding mainly to the collection of S/746 million from a telecommunications company for a resolution in favor of the state due to a tax controversy), which allowed the IR to grow 4.2% in real terms.
“We estimate that in the following months collection will continue to recover, favored by the progressive recovery of the economy, a favorable context for export prices and the application of measures to reduce tax non-compliance,” he indicated.
It should be noted that copper prices remain consistent above official projections: the average so far in May is 441.3 US cents per pound.
Written and digital press journalist, graduated from the Federico Villarreal National University (UNFV). Currently, in La República, where he writes about economics, with emphasis on hydrocarbons, mining and social conflict.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
