The Executive power will issue a rule under which operations with a cost of S / 2,000 or US $ 500 must be executed through a means of payment (bank deposits, checks, money orders, cards), announced this Wednesday the Ministry of Economy and Finance (MEF).
“The rule that I have mentioned establishes that for operations of S/ 3,500 or US$ 1,000 they have to be executed through the use of a payment method. What we are doing is reducing this amount and lowering it to S/ 2,000 and the equivalent of US$ 500, with the aim of having more information and obviously generating greater formalization of the economy.”, said Óscar Graham, head of the MEF, today at a press conference of the Council of Ministers.
For this, the Government will promulgate a legislative decree that will modify the Law for the fight against evasion and the formalization of the economy, within the framework of the legislative powers granted by the Congress of the Republic.
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Additionally, the use of means of payment will also be requested when the real estate transfer operation exceeds a Tax Unit (UIT), currently set at S/ 4,600.
“When the operation exceeds 1 UIT, this operation must be made or carried out through the use of a means of payment: bank transfer, payment to an account, use of a check. This allows us greater transparency and traceability of these operations.Graham said.
The Minister of Economy specified that these new restrictions will not apply in districts or localities where there is no presence of the financial system.
Likewise, he referred to the search for “formalization, transparency and for citizens to have a better record of their operations that can be used to later be included financially.”
