The Ministry of Economy and Finance (MEF) indicated that it will raise the level of the Tax Unit (UIT) from 4,600 to 4,950 soles for this year, an amount that will allow a larger group of workers to remain unaffected to the payment of Income Tax (IR).
In accordance with the provisions of the National Superintendence of Customs and Tax Administration (SUNAT), Independent workers (with Fourth Category Income) who issue receipts for fees and receive monthly income that does not exceed 3,609 soles will not be required to make payments on account of the IR.
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Also included in these provisions are those professionals who have the functions of company directors, trustees, agents, business managers, executors or similar and receive income for said functions and also others of the Fourth and/or Fifth Category and that the total amount received in the month does not exceed 2,888 soles.
Superintendency Resolution 295-2022/Sunat established the new amounts, considering the increase in the Tax Unit (UIT), which went from 4,600 soles in 2022 to 4,950 soles for 2023.
Besides, The rule also establishes that those who project that their income during 2023 from Fourth Category Income or from Fourth and Fifth Category Income does not exceed 43,313 soles may request the suspension of withholdings and/or their payments on account of income tax .
In the case of company directors, trustees, agents, business managers, executors or similar, they may request the suspension when the income they plan to receive in the taxable year for Fourth Category Income or Fourth and Fifth Category Income does not exceed the 34,650 soles.
In these last two cases, if during 2023 the aforementioned amount is exceeded, as the case may be, the taxpayer must declare and make the payment on account of the corresponding income tax, for all the Fourth Category income that get in a given month.
How is the virtual procedure carried out?
The process to request the suspension of Fourth Category withholdings is virtual and consists of only three steps:
- enter to SUNAT Online Operations with your Clave SOL and place the My procedures and queries option. This module is available on the portal www.sunat.gob.pe.
- Locate the section ‘Other declarations’ and requests, ‘I request suspension of withholdings 4th Category’ (Virtual Form 1609).
- Specify the date on which the first income from Fourth Category Income was received and the total amount projected for the entire year (only Fourth Category income must be registered, as an independent professional or Fourth and Fifth Category, yes, in addition, is on the list).
The system will verify the information submitted online and proceed to authorize the suspension of withholdings and/or payments on account, if applicable, issuing the corresponding certificate that can be sent to the email address of your choice and will be until December 31 of this year.
DATA
To obtain more information about the suspension of withholdings, taxpayers can contact the telephone consultation center at 0-801-12-100 either 315-0730 and visit the SUNAT portal, where you will find guidance and assistance without having to leave home.
