Legislative Decree No. 1634, published on August 30, 2024, is implemented in a complicated economic context, where many companies and taxpayers are facing financial difficulties due to the COVID-19 pandemic and other factors. Its main objective is to facilitate the regularization of tax debts, offering a special installment that includes significant discounts on interest and penalties, which seeks to encourage taxpayers to settle their obligations and increase the income of the public treasury.

 This installment is especially beneficial for small and medium-sized companies, allowing them to face the burden of their debts without excessive penalties. 

Taxpayers should evaluate their payment capacity and consider taking advantage of this benefit as part of their financial planning. In addition, it is recommended to seek professional advice to comply with the requirements and maximize the benefits. 

Details of the Special Installment of Eligible Debts: They include Income Tax, General Sales Tax (IGV), Selective Consumption Tax (ISC), tariff rights, among others. 

• Benefits: Discounts of up to 100% on interest and fines. Possibility of paying in installments. Suspension of coercive collection procedures upon submitting the application. 
• Types of Discount Cash Payment: Up to 100 UIT: 100% discount. More than 100 up to 2000 UIT: 90% discount. More than 2000 up to 5000 UIT: 70% discount. More than 5000 UIT: 50% discount. Summary Payment: Up to 100 UIT: 90% discount. More than 100 up to 2000 UIT: 70% discount. More than 2000 up to 5000 UIT: 50% discount. More than 5000 UIT: 30% discount. 
• Split Payment: Up to 100 UIT: 90% discount. Over 100 to 2000 UIT: 70% discount. Over 2000 to 5000 UIT: 50% discount. Over 5000 UIT: 30% discount. 

Application Process Taxpayers have until December 20, 2024 to submit their application. 

SUNAT has a period of 45 business days to resolve the applications. Depending on the amount of the debt, additional guarantees may be required.