The National Superintendence of Customs and Tax Administration (SUNAT) announced that the net tax revenues of the central government, discounting tax refunds, reached S/ 159,496 million between January and November 2025.
This figure represents an accumulated growth of 11.5% and S/ 18,611 million additional to what was recorded in the same period last year. Furthermore, this amount has already exceeded the S/ 155,756 million collected throughout 2024.
The result consolidates 18 months of sustained growth in collection, thanks to control, facilitation and assistance actions.
November 2025 Performance
In November, net tax revenues totaled S/ 14,870 million, which means an additional S/ 648 million compared to the same month in 2024 and a growth of 3.1%, confirming the positive trend for the eighteenth consecutive month.
Determinants of Positive Result:
- Economic Activity: Favorable performance of economic activity and domestic demand during October, generating tax obligations paid in November.
- Macroeconomic Variables: Price level of the main exported metals and the growth of CIF imports in November (2.7%), despite the contraction of the exchange rate by 10.7% (S/ 3.37 per US$).
Tax Management:
- Higher coefficients applied to determine monthly Income Tax Payments in 2025.
- Intensification of debt control actions, supervision of economic operations and recovery of tax obligations.
Favorable Regulatory Impact:
- Legislative Decree No. 1634 (Special Fractionation of Debts), which generated installment payments of S/ 11 million in November.
- Legislative Decree No. 1623 (IGV for digital services), which allowed S/ 57 million to be collected in November.
- Law No. 31557 and DLNº 1644 (Tax and ISC on Remote Games and Sports Betting), which generated S/ 46 million in November.
RETURNS
Tax refunds in November amounted to S/ 3,209 million, with a growth of 284.4% compared to November 2024. This increase was mainly due to the issuance of Negotiable Credit Notes, as reported by SUNAT.
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