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01 October 2020

Peru extends deadline for applying for new deferral and installment payment regime for tax debts

Taxpayers have more time to apply to defer, or enter into an installment agreement for, certain tax debts. Taxpayers should review the new regime to determine whether they might benefit from it.

On September 28, 2020, Peru's Executive Power issued Supreme Decree No. 285-2020-EF, extending from September 30, 2020 to December 31, 2020, the deadline for taxpayers to apply for the new deferral and installment payment regime for tax debts.

The regime was established in Legislative Decree 1487 on May 9, 2020, and applies to the following tax debts:

  • Any tax debt (e.g., income tax, value-added tax (VAT), customs tax, etc.) that is due at the time the taxpayer files an application for the new regime
  • Advanced income tax payments
  • Fines accrued up to the time the taxpayer files an application for the new regime
  • Pending payments of previous deferrals of tax debt or installment payments of tax debts, including customs tax debts

The application deadline was originally August 31, 2020, and was then extended up to September 30, 2020. The new deadline is December 31, 2020.

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Contact Information
For additional information concerning this Alert, please contact:
 
Ernst & Young Asesores S.C.R.L, Lima
   • Roberto Cores (roberto.cores@pe.ey.com)
   • Ramón Bueno-Tizón (ramon.bueno-tizon@pe.ey.com)
Latin American Business Center, New York
   • Ana Mingramm (ana.mingramm@ey.com)
   • Pablo Wejcman (pablo.wejcman@ey.com)
   • Enrique Perez Grovas (enrique.perezgrovas@ey.com)

Document ID: 2020-2374

 

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