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Peru tax authority carries out 30 audits on persons in the entertainment industry

Tuesday, 14 March, 2017

Peru's national tax agency (SP: Superintendencia Nacional de Administración Tributaria, SUNAT) has announced that it is carrying out 30 audits on persons in the entertainment industry, who have tax inconsistencies to the combined sum of PEN81 million (approx. USD24.6 million). The agency is also carrying out 40 inspections over the undeclared acquisition of luxury vehicles for the aggregated value of PEN269 million (approx. USD81.9 million).

In investigations carried out between 2014 and 2016, SUNAT found that there was an "unjustified asset increment of PEN800 million" (approx. USD243 million) in the country. In 2014 alone, the agency found evidence that more than 32,000 taxpayers had not fully complied with their obligations to declare their assets.

In 2016, SUNAT carried out more than 44,000 investigations, finding that, in 59 percent of cases, taxpayers had failed to declare their assets in whole or in part. Many taxpayers went on to voluntarily disclose their assets, which resulted in the tax agency recovering PEN111 million (approx. USD33.7 million).

Source

  • SUNAT (in Spanish - MS Word document - opens in new page)