The Central Reserve Bank of Peru (BCRP) reported that the collection by General sales tax (IGV) increased by 23.8% in January 2022 compared to the same month in 2021 (22.9% compared to the first month of 2020), mainly due to the VAT on imports.
This way, a growth of twelve consecutive months in the collection of said tax is consolidated.
In January 2022, income from VAT on imports increased by 50.7% compared to the same month in 2021 (35.1% compared to January 2020) due to the increase in imports, mainly raw materials, fuels, lubricants and related, non-durable consumer goods, construction materials and construction equipment. transport.
Revenues from internal VAT increased by 11.3% in last January compared to the same month of 2021 (16.3% compared to January 2020), which mainly reflects the higher level of economic activity and internal demand.
The interannual growth of the internal VAT mainly reflected the higher income from the primary sectors (hydrocarbons, mining and agricultural), as well as other services and financial services.
Source: Larepublica
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