Currently, a variety of incentives and measures are implemented to promote compliance with tax obligations by citizens. Among these initiatives is the exemption of certain taxes, a measure that seeks to encourage and motivate taxpayers to comply with their tax responsibilities in a timely and adequate manner.
In this way, tax exemption not only benefits the taxpayers directly involved, but also has a positive impact on society as a whole, by ensuring adequate financing of public services and the sustainable development of the country. Find out which people are exempt from paying property taxes.
Property tax 2024: which people do not pay it?
Currently there is a group of Peruvian men and women who are vulnerable. Many of them face significant challenges, such as lack of employment and other factors that can affect their quality of life. For this reason, the Peruvian State supports them with different programs or subsidies that are granted to them on a monthly or annual basis. Along these lines, the people who are exempt from paying taxes are those adults over 60 years of age, as established by the government.
Tax exemption: what are the requirements?
Tax lawyer Miguel Carrillo provides details on the process to access the property tax discount or exemption. He explains that it is essential to subtract an amount equivalent to 50 UIT (S/247,500) from the self-assessed value. In situations where said value exceeds 50 UIT, senior citizens will only have to pay the remaining difference. This benefit seeks to alleviate the economic burden of this sector of the population and guarantee equal access to public services.
- Have more than 60 years.
- Owning only one property.
- This must be in your own name or that of the marital company.
- It must be used for housing. It may be partially used for productive, commercial or professional purposes with the approval of the respective municipality.
- Gross income must not exceed 1 UIT per month (S/5,150).
Peru property tax exemption: how to request it?
Senior citizens can request this exemption by going to the municipality where they live. They must also present their ID or that of the legal representative of the property, the latest pay stub or another document that proves their personal or marital income. You must keep in mind that ownership of the property must be proven in order for the exemption to proceed.
What is property tax?
He property tax In Peru it is a tax that must be paid by the owners of real estate, such as land, houses, buildings and other urban or rural properties. This tax is municipal in nature and is collected annually. Its calculation is based on the value of the property determined by the corresponding municipality, taking into account factors such as location, use of the property, its age, and its physical characteristics.
Where to pay property tax?
Property taxes are paid in the municipality, district or province where you live. Likewise, those who live in Cercado de Lima should go to the offices of the Service tax administration (SAT).
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.
