Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

March 3, 2022
2022-5227

Peru’s President amends Tax Code and registration process for Tax ID Registry

The legislative decrees improve the tax authority’s digital technologies and the process for registering with the Tax ID Registry. Taxpayers should be aware of the fine that may apply if they do not give the tax authority access to their electronic accounting system when required by an audit.

On 18 February 2022, Peru’s President enacted Legislative Decrees 1523 and 1524, which amend the Tax Code and the registration process for the Tax ID Registry, respectively.

Background

On 27 October 2021, Peru’s President asked Congress for the power to enact tax measures. On 27 December 2021, the Congress approved the President’s request to enact different tax measures, including the improvement of the tax authority’s digital technologies and the Tax ID Registry. For information on the approval of the President’s request to enact certain tax measures, see EY Global Tax Alert, Peru enacts law allowing the President to enact various tax measures, 4 January 2022.

Legislative Decree 1523

Legislative Decree 1523 makes the following amendments to the Tax Code, effective as of 19 February 2022:

  • Taxpayers may appear before the Peruvian tax authority, in person or remotely, when they must clarify facts about tax obligations or provide information.

  • Taxpayers must give the Peruvian tax authority the access/log-in password to their electronic accounting system.

  • Oral reports in appeal procedures may be conducted remotely, making use of digital technologies.

  • When challenging a transaction under the Peruvian general anti-avoidance rule, the tax authority’s audit committee will allow taxpayers to challenge the observations raised in an audit remotely.

  • A fine of up to 0.3% of a taxpayer’s net annual income may apply if the taxpayer does not give the tax authority access to the taxpayer’s electronic accounting system when required by an audit or verification procedure.

Effective 1 March 2023, the tax authority or Tax Court may send message or document notifications by email or other electronic methods.

Legislative Decree 1524

Legislative Decree 1524 makes the following changes to the registration process for the Tax ID Registry:

  • The Peruvian tax authority will automatically incorporate into the Tax ID Registry individuals who carry out activities that generate business income and were not previously registered in the Tax ID Registry.

  • The taxpayer must include its tax ID on all documents advertising services or goods to be sold, including the web page or digital platforms used for the business activities.

  • If the taxpayer does not provide a tax address, the Peruvian tax authority may use the address recorded before the National Register of Identification and Civil Status or the address recorded at the Migrations Authority.

These measures are effective 1 July 2023.

_________________________________________

For additional information with respect to this Alert, please contact the following: 

Ernst & Young Asesores S.C.R.L, Lima

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young Abogados, Latin America Business Center, Madrid

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2024, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.

 


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or ey.com. Please refer to the privacy notice/policy on these sites for more information.


Yes, I accept         Find out more