The collection of January 2023 reached 13,387 million soles of net central government tax revenue (discounting tax refunds), reported the Sunat.
With this result, a decrease of 3.8% was recorded compared to the same period in 2022.
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As explained by the Sunatamong the factors that affected the collection at the beginning of the year is the slowdown that would experience the growth of the GDP and the internal demand of the month of December, whose tax obligations are declared and paid mainly in January.
Likewise, the reduction in the level of imports (-18%) and the exchange rate (-1.7%) that explains the lower collection at the level of external taxes.
The collecting entity points out that the contraction also responds to the negative impact generated by a set of regulatory measures with an impact in the month:
- The postponement of the declaration and payment of the tax obligations corresponding to the December 2022 tax period that had to be paid in January and the extraordinary release of deduction funds for mypes, temporary facilities adopted by the Sunat to provide greater liquidity to taxpayers mypes, measures that allowed them to overcome those external factors that affected their operation.
- The application of a VAT rate of 8% applicable to mypes restaurants and hotels, approved by Law No. 31556.
Likewise, the Sunat explained that the previously explained negative effect was offset by these two factors:
- Higher payments on account of the Third Category Income Tax declared and paid by the mining and hydrocarbons sectors, in a context of recovery of international prices and higher exports of representative companies.
- The extraordinary payments registered in January 2023, which even exceeded their similar payments in January 2022, especially due to the recovery of obligations from past periods as a result of the control and collection actions implemented by the Sunat.
Results by taxes
Income tax: In January, 5,886 million soles were collected for this tax, a figure that represented a decrease of 0.7% compared to the same month in 2022 and an increase of 430 million soles.
The result for January mainly reflects the lower payments in Second Category (-65.5%), Fourth Category (-6.8%), Fifth (-4.3%), RER (-10.1%) and other income (-6.5%), attenuated due to higher payments for Third Category Income Tax (General Regime and RMT) that grew 7.4%, as well as Regularization (217.8%), First Category (6.7%) and Non-residents (1.7%).
It is worth mentioning that the growth in Regularization reflected the important extraordinary payments received corresponding to debts generated in past months.
General sales tax: the collection of IGV it reached 7,937 million soles, an amount that represented a 6.8% drop compared to what was registered in January 2022 and an increase of 99 million soles compared to what was collected in that month.
Internal IGV decreased 4% and collected 5,019 million soles, an amount that was 206 million more than that collected in January 2022. For its part, the IGV imported amounted to 2,917 million soles, which represents a decrease of 11.2% and 107 million soles of lower collection.
As already anticipated, the behavior of this tax mainly reflected the effect of tax regulations that approved deferrals and lower rates, as well as a reduction in imports and the lower exchange rate.
Excise tax: ISC collection recorded a contraction of 18.6%, with payments totaling 817 million soles. The negative result was explained by both the Imported ISC (-37.2%) and the Internal ISC (-7.6%), which reflected the performance of internal demand and especially lower imports.
Other income: The collection associated with this item amounted to 570 million soles, an amount that is equivalent to a decrease of 14.8% compared to January 2022. Said result is mainly explained by the lower payments of Income As Collection (ICR) (-33%) , Fines (-8.5%), RUS (-1.6%), ITF (-4.1%) and Others (-49.8%); which was offset by the growth in installment payments (18.6%), ITAN (10.1%) and Casinos and Slot Machines (8%).
In the case of the ICR, the result reflected the effects of the exceptional measure to release funds from withdrawal accounts for mypes that was applied during the month of January.
Returns: Tax refunds made during the month of January amounted to 1,958 million soles, an amount that represented a contraction of 18.3% compared to the same month in 2022.
