Double standards. Just when Peru needs to promote private investment and strengthen companies, the Podemos Peru (PP) bench, led by the owner of this party, José Luna Gálvezwants to raise taxes on this formal sector, which is key to the country’s development, but it spares the illegal minerswho do not pay a single sol to the State in taxes.
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As recalled, this party supported the expansion of the Comprehensive Registry of Mining Formalization (Reinfo), under which illegal producers and mafias shelter. Today it seeks to hit companies that do pay taxes, with a new tax that has the supposed purpose of “bridging gaps in citizen security.”
The populist proposal, one of the many initiatives of this type promoted by Podemos, indicates that legal entities domiciled in the country and that have an annual sales level greater than 2,300 UIT (S/11) will be obliged to pay this new tax. 845,000 by 2024).
“Applies the tax rate of 0.5% to the annual net profit obtained in the annual sworn declaration of Income Tax for each year,” reads the document that is already in the Parliament’s Economy Commission for debate.
Within the explanatory memorandum of the project that creates the new tax, reference is made to the need to reduce the wave of crime that exists in the country and states that resources are needed to do so; However, the additional expense that companies have been making to protect themselves from crime is not considered.
The proposal recognizes the positive impact of large companies on the economy, and mentions that in 2021, approximately 5,000 companies generated 84% of income from the formal economy.
The legislative proposal has the signature of several PP parliamentarians. The author is the congressman Darwin Espinozathe same one that on October 31 presented a project to extend Reinfo until December 31, 2026.
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In this regard, the former Minister of Economy and Finance Luis Miguel Castilla He stated that this initiative could scare away private investment, which this year would only grow 2%, according to MEF data.
“The formal ones already pay income tax, and now they come out with this populism under the pretext of security and prior to the start of the electoral campaign. We can lose competitiveness if a proposal like this goes ahead,” he assured, and pointed out that to raise more resources, it is necessary to target those who do not currently contribute resources to the treasury, as is the case of informal and illegal workers, who, for the Otherwise, they cause harm to the country.
Likewise, he recalled that crime is already taking its toll on the business community, who invest “around S/15,000 million to combat insecurity.” For this reason, he indicated that beyond the amount collected, what is needed is better management, also taking into account that today the entire assigned budget is not being executed.
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