Purchasing a vehicle can provide a sense of freedom and autonomy, allowing people to move around more easily and quickly. However, it is essential to remember that owning a vehicle entails a series of obligations, including compliance with the regulations and tax obligations established by the relevant authorities.
One of the most important aspects to consider is the payment of the vehicle tax, which is a tax that must be paid periodically and that varies depending on the type of vehicle, its value and other specific characteristics. This tax is essential to contribute to the maintenance of road infrastructure and other services related to transportation. Given this, the doubt arises as to whether it is possible that they could take away your vehicle if you do not pay the tax.
Is payment of vehicle tax mandatory?
He Car taxes It is a mandatory tax that all vehicle owners must pay once they have made their initial registration in the Vehicle Property Registry. This tax is essential to contribute to the maintenance of roads and services related to transportation, thus guaranteeing adequate infrastructure for the mobility of the population.
How much do I have to pay for vehicle tax?
The tax rate is 1% of the tax base. It is important to keep in mind that in no case will the amount payable be less than 1.5% of the UIT in force on January 1 of the year to which the tax corresponds.
The tax base of the tax is determined by the original value of acquisition, importation or entry into assets. This value will never be less than that established in the annual reference table approved by the Ministry of Economy and Financeconsidering an adjustment for the age of the vehicle.
The Lima Tax Administration Service (SAT) has made calculators available so that you can know the reference value that you must pay for your vehicle, click here.
Peru vehicle tax: if I don’t pay, can they take away my vehicle?
When the vehicle owner does not make the corresponding payment after having registered in the Vehicle Property Registry, he will face a tax fine. This penalty can range from 15% to the total amount of a Tax Unit (ITU). Although the regulations do not mention the retention of the vehicle, they do establish the financial penalty.
Where to pay the Vehicle Tax?
For those taxpayers interested in paying the vehicle tax, they have the option of doing so in various entities, such as the agencies of the SAT or at well-known banks such as BCP, BBVA, BanBif, Interbank, Scotiabank, Caja Metropolitana, and through Kasnet agents. In addition, the convenient alternative of making the payment virtually is provided, using the digital applications of the corresponding financial institutions. There are no excuses for not fulfilling this obligation quickly and easily!
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.
