At the end of March, hundreds of taxpayers begin to organize their accounting and prepare to present the Annual Income Tax Affidavit, through which the tax administration is informed – SUNAT the profit or loss obtained in the fiscal year 2021.
Lola Hurtado, academic coordinator of Accounting at the Certus institute, explains that based on this, the taxes to be paid must be determined, as a result of the generation of income.
“Each year, companies and individuals submit their annual income tax return through which they declare all the income they have obtained during a fiscal year, since this is a tax that is determined annually. For this reason, it is necessary to have orderly accounting to make all the operations carried out transparent and avoid inconveniences with our declaration and subsequent payments”, explains Hurtado.
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In line with this, the Certus specialist provides you with four pieces of information that you must know to correctly register your affidavit.
1. Registration dates
The 2021 Annual Income Statement is available from February 14. However, the expiration date for both natural and legal persons began on March 25 for all those taxpayers whose last digit of the RUC ends in 0, it will continue on March 28 for those that end in 1 and so on until 8 of April that will culminate with the good taxpayers and subjects not obliged to register in the RUC.
2. How to declare income tax
The accounting expert details that the procedures can be carried out virtually, through the Sunat. The user only has to access the portal using the RUC number and the SOL password, then choose the form to fill out and that’s it. In the case of a natural person, the format they must fill out is Virtual Form N°709 – Annual Income, a document that records data related to income, expenses, withholdings, tax payments, among others.
On the other hand, for a legal person and/or company there are two ways to make the declaration through Virtual Form No. 710: Annual Income – Simplified – Third Category and Virtual Form No. 710: Annual Income – Simplified – Third Category; This will depend on the financial year of the company and the corresponding regime.
3. How to manage my income tax payment
If during the fiscal year 2021 you generated profits, you must make a payment that corresponds to a percentage of the tax. You can make this deposit through the Sunat virtual channel by debiting an account or credit or debit card, at any authorized bank or agent.
4. Fine
The academic coordinator of Accounting at Certus, Lola Hurtado, recommends that the obligors comply with this procedure within the established deadlines, since the fine for not carrying out this procedure amounts to 1 UIT (S/ 4,600.00)
Finally, the specialist recommends seeking the accompaniment of accounting professionals to advise us in this process and thus do it correctly and within the corresponding period.
