The State announced that the Tax Unit (UIT) will have a value of S/4,950 by 2023. Now and until the end of the year, its value is S/4,600.
This increase of S/350 is the highest in recent years, surpassing the year-on-year increase of S/200 between 2021 and 2022.
Said increase is the result of economic inflation since the value of the UIT has a direct impact on how people are taxed for the payment of taxes and how those administered (individuals and companies) are sanctioned.
One of the most important effects of the increase in the UIT is the one it has on the payment of taxes.
Consequences of the Increase of the Tax Tax Unit (UIT)
First of all, if the annual remuneration of a person, whether dependent or independent, is less than S/34,650, said taxpayer will not be subject to the payment of income tax (IR), since the first 7 UIT of income are not found attached to the tax. In this sense, the increase of the UIT plays in favor of the workers, as well as their employers.
Progressive rate for workers
Likewise, the progressive rate of the labor income tax (fourth category or self-employed) is affected.
The progressive rate, which goes from an affectation of 8% to 30% depends on how much income a person receives, measured in UIT.
People who have an annual income of up to 5 UIT must pay a tax at a rate of 8%; up to 20 UIT, 14%; up to 35 UIT, 17%; up to 45 UIT, 20%; and, finally, those who generate more than 45 UIT must pay a tax with a rate of 30%.
Now that the UIT is higher, more people will fit into the first groups, reducing the rate to be paid by a group of workers.
As a consequence of the increase in the ITU, all administrative sanctions will also rise.
According to the Vinatea & Toyama Study, labor fines for companies (employers) can amount to up to S/990,000 and, if several accumulate, could reach S/1,485,000 (see table).
The same also occurs in relation to other State auditing entities, such as Sunat.
Likewise, the cost of judicial fees, set by the UIT, will rise, which will make access to justice difficult for a group of the population.
Meanwhile, the calculation of property tax varies in favor of the administered.
When the self-assessment of a property reaches 15 UIT, a rate of 0.2% must be paid; Between 15 UIT and 60 UIT, the aliquot rate is 0.6%, and when it exceeds 60 UIT, a 1% aliquot must be paid.
In other words, now more properties would fit within the groups subject to a lower payment.