Sunat approves schedule to present annual income tax return for 2021

The National Superintendency of Customs and Tax Administration (Sunat) approved today the expiration schedule, forms and other provisions for taxpayers to comply with the timely presentation of the Annual Tax Return of Income Tax 2021 and Transaction Tax Financial (ITF).

Thus, the maturity schedule for the presentation of the Annual Income Statement 2021 It begins on March 25 and runs until April 8, 2022, according to the last digit of the taxpayer’s RUC.

Likewise, the resolution specifies that, in the case of natural persons, the Virtual Form No. 709 will be available in Sunat Virtual (www.sunat.gob.pe) and in the People APP as of February 14, 2022, date on which they can present their return, without having to wait for the due dates.

It is important to mention that the personalized file will be made available to people, with referential information on income, expenses, withholdings and payments of Income Tax and ITF, so that they can verify, complete or modify it, if applicable, for the presentation of the Annual Declaration.

In the case of companies, the Virtual Form No. 710, simplified or complete, will be available in Sunat Virtual as of January 3, 2022.

In order to facilitate the declaration, this form contains referential information of the balance in favor, the payments on account and the tax withholdings, as well as the Temporary Tax on Net Assets (ITAN) paid, which has not been applied as a credit against the payments on account.

Forced to declare

Individuals who:

• They would have received Fifth Category Income (workers on the payroll) and, at the same time, deduct rental and / or sublease expenses of real estate.
• Workers who receive Fourth Income (independent workers) and / or Fifth Category (payroll workers) and Income from Foreign Source that have a balance in favor of the Income Tax.
• Those who have received Fourth and / or Fifth Category Income that attribute rental expenses to their spouses or partners.
• Those who determine a balance payable for First, Second and Work Income and / or Foreign Source Income must also comply with this obligation.
• Those that carry balances in favor of previous years and apply them against the tax and / or have applied said balances, if applicable, against payments on account for Fourth Category Income.

In the case of companies, the obligation to present the 2021 Income Declaration is maintained for those taxpayers who have generated income or losses of the third category of the General Tax Regime or the Mype Tributary Regime (RMT).