This December 24, the Ministry of Economy and Finance (MEF) raised the value of the tax unit (UIT) to S/4,950 for 2023, after 2022 it was set at S/4,600. This growth of 7.61% represents the strongest increase in From Since 1994, when it went from S/1,300 to S/1,750. change will have a direct impact Economy of companies, households and workersFor payment of taxes, among other aspects.
state uses From As a reference in tax rules to maintain normal values tax base, deduction and range of effect. It is also used to enforce sanctions, accounting obligations, taxpayer registration, company classification and other formal obligations.
How much is a UIT worth in 2023?
By 2023, UIT will be worth S/4,950 2022 S/4 was 600. The change was approved by Supreme Decree No. 309-2022-EF and will apply for the whole year (from January 1 to December 31, 2023,
value from uit “It is calculated based on a range of macroeconomic elements, primarily inflation, which is why it increases every year,” explained Jorge Carrillo Acosta, a professor at Pacifico Business School. Central Reserve Bank of Peru ,bcrp) forecast that inflation would end 2022 at 8.2%, up from a forecast of 7.8% in September.
How does the increase in UIT affect the payment of taxes?
Jorge Carrillo indicates that itu increase This would have an effect on the personal and family finances of Peruvians, mainly on the payment of taxes. For example, Employees on payroll (formal dependents) will pay less income tax on their wages“So they will have more money in their pocket,” said the finance expert.
Thus, an employee who receives S/3,000 as gross monthly salary will have an annual savings of Income tax From S/194. Thus, a worker who earns S/5,000 per month would achieve savings of S/448 per year and one who earns S/10,000 per month would avoid paying S/731 during 2023.
Carrillo, on the other hand, highlighted that the monthly gross salary cap would increase (Form) for non-payment Income tax, This upper limit was S/2,300 in 2022, while by 2023 it will be S/2,475. In case of independent workers issuing receipts for feesThe maximum monthly amount that can be issued to avoid paying the tax will increase from S/3,354 to S/3,609.
another effect of UIT to Sabida It will be that the type of personal expenses for requesting income tax refund (4th and 5th category) will increase from S/13,800 to S/14,850. Carrillo Acosta highlights high subsidies, among other effects Credit MiVivienda and at least impose property tax why alcabala, However, the cost of judicial processes and procedures in the state would increase.