The tax collection In 2024, it exceeded projections, reaching the figure of S/ 155,756 million. This amount represents a growth of 3.3% (S/ 8,510 million more) compared to the previous year and exceeds the estimates of the Multiannual Macroeconomic Framework 2025-2028, published by the Ministry of Economy and Finance (MEF) in August.
December 2024 registered a notable increase, with a collection of S/ 14,872 million, which means a growth of 26.3% compared to the same month of 2023. This figure represents the highest growth rate in the last 32 months.
Who were the key growth players?
The actions to improve tax compliance implemented by SUNAT generated an additional S/ 3,511 million, mainly in the last quarter of the year.
These actions covered compliance facilitation, tax control and debt recovery. The efficient management of the declared debt, collection, resolution of challenges, control of sectors with high informality and the success of the Special Fractionation program were highlighted.
The expansion of the evaluation of the value of imports with signs of undervaluation and the control of refunds with signs of tax non-compliance also contributed.
Economic Dynamics: The Peruvian economy showed positive evolution in 2024, with growth in Gross Domestic Product (GDP) and Internal Demand (DI) of around 3.2% and 3.4%, respectively. Added to this is the expansion of CIF imports by 5.4% in US dollars and a slight increase in the exchange rate by 0.3%.
Export Prices: The higher prices of the main export products, especially minerals, also had a positive influence on collection.
Tax results
Income Tax: S/ 65,731 million were collected, 2.1% more than in 2023 (an additional S/ 2,921 million). All income categories increased their contributions, highlighting the Second Category, payments on account of the Third Category, the tax on non-domiciled residents and the Fifth Category.
The regularization of Income Tax reached S/ 8,722 million, corresponding to fiscal year 2023, which reflected negative economic results. Payments on account of the General Regime (RG) and the Mype Tax Regime (RMT) totaled S/ 31,195 million, equivalent to the previous year in real terms, although an additional S/ 758 million were collected.
General Sales Tax (IGV): Collection amounted to S/ 88,417 million, with a growth of 3.5% in a context of expansion of Domestic Demand of around 3.4%. This meant S/ 4,972 million more. The Internal VAT collected S/ 51,648 million (+5.0%) and the Import VAT, S/ 36,768 million (+1.5%).
Selective Consumption Tax (ISC): S/ 8,913 million were collected, with a contraction of 6.6% due to lower fuel imports (due to the entry into operation of the Talara Refinery) and lower payments for other taxed products, such as beer.
Tax Refunds: They amounted to S/ 24,218 million, a slight decrease of 1.1% (S/ 280 million less). 99.6% of the requests were attended to within a shorter period than established. SUNAT’s control actions over the marketing chain linked to returns also yielded positive results.
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