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4w ago

Peru Tax Revenue Rises 11.6% in March, Extending 22-Month Streak

Stronger mining payments helped push receipts higher.

Sunat: ingresos tributarios de marzo crecieron 11,6% y alcanzaron más de S/16 millones
Entre los principales que favorecieron el incremento de la recaudación se puede destacar el desempeño favorable de la actividad económica durante febrero. Foto: GEC.
Sunat informó que la recaudación tributaria de marzo aumentó 11,6%

Overview

  • Sunat said Monday that net central government tax receipts reached S/16.682 billion in March, up 11.6% from a year earlier.
  • Income Tax rose 17.1% to S/9.618 billion, Value-Added Tax (IGV) grew 8.7% to S/8.300 billion, and excise taxes (ISC) increased 24% to S/950 million.
  • Collections reflected a February pickup in activity, with GDP near 2.8% and stronger domestic demand, plus the March 26 start of 2025 Income Tax regularizations and higher metal prices lifting mining payments.
  • Base-broadening and enforcement added revenue, including S/54 million from IGV on digital services, S/165 million from taxes on online gambling and sports betting, and S/117 million from a major bettor’s past-due payments.
  • Higher refunds reached S/3.353 billion, the weaker dollar and recent tax breaks such as a lower IGV for restaurants and hotels tempered gains, and near-term totals remain sensitive to metal prices and new laws.