He Income tax It is a tax that the State determines annually and that allows, among other factors, to support the public expenses of the country. Its evasion could lead to administrative or economic sanctions by the National Superintendence of Customs and Tax Administration – Sunat.
According to Jimmy Quispe, Product Manager of Zenda Peru, it is important to start by clarifying that the declaration of income tax not only corresponds to companies for their workers (farm income), but also to those professionals who generate income from independent work ( fourth category income). In the latter case, the declarations must be made in person.
For the calculation of the Fifth Category Income, it is necessary that companies of all sizes present correct calculations, no matter how cumbersome they may be; since the Sunat has a system where only with the DNI can you see the economic income of all workers. Any mistake could be detrimental to the company.
Currently, there is a global platform that performs this important process in a practical, easy and short-term way, making the result totally satisfactory and 100% digital. This is Zenda, a Human Resources Software that simplifies, in a matter of seconds, the process of calculating the Fifth Category Income, making the result automatic.
LOOK: Sunat: More than 1,200 taxpayers have already submitted their 2021 Annual Income Statement
In addition, the ERP software zenda maintains an automated and up-to-date record of workers’ wages, bonuses, overtime, sick leave, and other essential information. This facilitates the task of keeping organized accounting, thus allowing valuable savings in time and investment.
“In conclusion, knowing how to calculate the Fifth Category Income Tax and the rest of the processes involved with the income statement is essential so that our collaborators receive the salary that corresponds to them, comply with the laws and so that the company have a healthy cash flowadded Jimmy Quispe.
Zenda aims to democratize the digitization of HR areas in both Peru and Latam with a robust and competitive software solution. It has the support of Defontana – a Chilean company with more than 20 years of experience providing software solutions and services. For more information visit zenda.defontana.com
