VAT recovery: The recovery of the IGV which allows the refund of the tax imposed on imports and/or local acquisitions of new capital goods, new intermediate goods and services and construction contracts, carried out in the pre-production stage. However, this regime presupposes the existence and execution of an investment project whose object will consist of carrying out operations taxed with the IGV. “Previous analysis of the operation and fulfilling the requirements of the standard”. Additionally, Law No. 30296 “Special Regime for Early Recovery of the IGV” consists on the refund of the tax credit generated in imports and/or local acquisitions of new capital goods, made by taxpayers whose annual sales levels are up to 300 UIT and who carry out productive activities of goods and services taxed with the General Sales Tax or exports. These also must be registered as a micro or small business in the REMYPE, referred to in the Single Ordered Text of the Law for the Promotion of Productive Development and Business Growth, approved by Supreme Decree No. 013-2013-PRODUCE and Supreme Decree No. 276-2018-EF.
The tax credit subject to the law referred to in the preceding paragraph shall be that which has not been exhausted in a period of at least three (3) consecutive months following the date of entry in the purchase register.
To take full advantage of this regime, taxpayers must fulfill the requirements established by the regulations, including a minimum period of permanence in the Single Taxpayers’ Registry, as well as compliance with tax obligations.
Provisions for tax reduction: Companies can take advantage of the regime of suspension or modification of monthly rent payments, which will allow them to reduce the rate payable for monthly rent payments, subject to approval by SUNAT.
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