Special instalment regime for tax debts in Peru: Terms, benefits, and exclusions

The recently published legislative decree no. 1634 introduces a special instalment programme for tax debts in Peru. It is managed by the Peruvian financial authority SUNAT and covers debts payable up to 31 December 2023. The Ecovis experts explain the details.

What are the most important changes?

• Applications for this instalment plan can be submitted until 20 December 2024.
• Eligible debts include income tax, VAT, selective consumption tax, mining special tax, customs duties, and others. The programme applies to debts with enforceable resolutions, payment orders, fines, or balances from existing instalment plans.
• Debts under dispute or in the collection process may also be included; however, for disputed debts, applicants must withdraw their claim upon applying for the instalment plan. SUNAT will notify the relevant authorities upon approval of the application.
• Certain debts and taxpayers are excluded from this programme, including debts under insolvency proceedings, withheld or collected taxes, and debts already settled with final judgments. Individuals or entities with convictions for tax or customs offenses are also excluded. Public entities are generally excluded, except for State enterprises.
• The programme offers a discount on interests and fines based on the debt amount and payment method—whether paid in full, in a summary plan, or through instalment payments of up to 72 months. A monthly minimum of PEN 260 (PEN=Peruvian sol, 100 PEN is the equivalent of around USD 27) applies to instalment plans, and in some cases, guarantees may be required. Approved instalment agreements will halt enforcement actions, while SUNAT retains its audit rights on debts not previously audited.

Are you affected by tax debts? We will support you in repaying them in accordance with the rules.

Octavio Salazar Mesias, Partner, ECOVIS Peru, Lima, Peru