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October 18, 2025
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They present a bill for companies to deduct payments for extortion from income tax

They present a bill for companies to deduct payments for extortion from income tax

Incredible, but true. Congressman Luis Gustavo Cordero Jon Tay, from the Alliance for Progress (APP) group, presented a bill that proposes that companies that are victims of extortion or collection of quotas can deduct those payments from income tax.

The initiative, identified as Bill No. 12793/2025-CR, proposes modifying literal d) of article 37 of the Single Ordered Text of the Income Tax Law, in order to credit the extraordinary losses suffered by taxpayers who have been victims of this type of crimes.

If approved, extortionate payments could be considered “extraordinary losses” and, therefore, deductible from income tax.

The document indicates that these losses may be credited “provided that the criminal act has been judicially proven or that it is proven that it is useless to exercise the corresponding judicial action.”

In addition, the project establishes that taxpayers who wish to benefit from this benefit must present a sworn declaration with a fingerprint and a notarized signature, attaching the corresponding evidence.

The text also warns that, if Sunat detects false information in the sworn statement, its Public Prosecutor’s Office may file a criminal complaint with the Public Ministry.

Likewise, Sunat would be empowered to approve the regulatory standards necessary to implement this measure.

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