He Property tax It is an annual tribute that all owners of real estate in Peru must pay. Your collection is in charge of municipalities and constitutes one of the main sources of financing for public works and local services. Failure to pay this tax can generate several damages to debtors that do not regularize this situation
By the year 2025, the deadline for paying the cash tax expires on the last day of February, that is, the 28th for payment, there are two alternatives, which adapts to the possibilities of the owners. In addition, the regulations establishes readjustment and sanctions mechanisms for those taxpayers who do not comply with this tax obligation in the established deadlines.
What happens if I do not pay the property tax before February 28 in Peru?
According to the unique text of the Municipal Taxation Lawapproved by the Supreme Decree No. 156-2004-EFhe Property tax It can be paid in a single quota or in a fractional way in four parts. If the taxpayer does not cancel the first quota before February 28, it loses the possibility of fractionation of the payment and a moratorium interest is generated from the day following the expiration.
Likewise, the omission in the presentation of the sworn declaration of the property tax within the established period also entails the imposition of a tax fine. The municipal administration can adopt additional measures to demand the payment of the debt, including formal notifications and requirements.
Embargo on property tax debt: what you should know
When a taxpayer accumulates a debt unpaid by Property taxthe municipality can initiate a process of coercive collection. Initially, notifications are issued by instructing the debt payment. If these are not attended, a coercive ordinance is issued that grants a period of seven days to regularize the situation.
If the debt persists after the expiration of the term, the municipality can proceed with the embargo on goods of the taxpayer, including bank accounts, vehicles and, in extreme cases, his home. The expropriation of a property is an exceptional measure, applied only when payment agreements or alternative solutions have not been achieved.
How to avoid sanctions and embargoes due to lack of property tax
To avoid sanctions and possible embargoes, it is essential to comply with the Payment Payment within the established deadlines. Some municipalities offer various payment options, including digital platforms, banks and authorized agents, facilitating compliance with this obligation.
In addition, it is recommended that the owners periodically review the status of their Taxes And, in case of economic difficulties, they approach the Tax Administration to evaluate possible subdivisions or payment agreements.
Source: Larepublica
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