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The deduction system is an administrative mechanism that essentially involves deducting a percentage of the amount the buyer must pay for certain transactions that may or may not be taxed with the ROI. The first person obliged to make this deduction is the buyer or user of a good or service affected by the system and then deposits it with the Banco de la Nación. 7.4.-What should I do if I am obliged to cancel in my capacity as a customer, but my supplier has not responded to the request to open his current account for deductions from the Banco de la Nación? In many cases in the marketplace, a problem arises for businesses that use services or sellers of goods who make the mistake of deducting for a transaction that is not affected by the deduction system with the tax credit. In this case, many of these companies ask themselves the question: How can I undo this error? And what should I do with the tax credit I`ve already used? With respect to the tax credit, there is no problem, since the last user of the service was not obliged to make the deduction; Therefore, the use of the tax credit is valid. The main advantage of the deduction system is that it allows taxpayers to have a fund that they can use to cover their tax debts. This helps to prevent tax evasion. Similarly, after the payment of the tax debts, the remaining balance can be released in favour so that the holder can use it so that it can become part of his capital. The system of deduction of input tax, commonly known as SPOT, is an administrative mechanism that contributes to the collection of certain taxes and essentially consists of the purchaser or user of a good or service concerned by the system deducting a percentage of the amount due for these transactions and then depositing it with the Banco de la Nación. in a deposit account, in the name of the seller or service provider, who in turn uses the funds deposited in his account with Banco de la Nación to make the payment of taxes, fines and deposits, including their respective interest, and the updating of these tax debts managed and/or collected by SUNAT in accordance with Article 33 of the Tax Code. That is, S/.

84.00 (12% of S/.700.00) can be deducted from the corresponding deductions for other transactions (If an invoice for a total amount of S/. 800.00 to the same supplier, the deduction corresponding to this amount would be S/. 96 – 84 = 12). In the event that the tax credit has been abused because the customer has used the tax credit of an invoice issued in his favour for a transaction subject to the deduction regime without the corresponding deposit of the deduction having been made. To that effect, it is necessary to make appropriate compensation for the tax credit and, at the same time, to impose a fine for the infringement described in Article 178(1) of the Tax Code. In this sense, you can exercise the tax credit during the period during which the full payment of the deduction is made. It should be noted that this is not a limitation of the right to the tax credit, but its exercise, which has been confirmed by the Tax Court in repeated decisions[1]. For this reason, in certain cases, the user of the service or the purchaser of the goods has to defer the use of the tax credit because, in certain circumstances, he is not able to deduct it[2], simply does not comply with this obligation within the deadline set by the VAT deduction rule or pays 100% of the sale price to the service provider.

In this case, he is obliged not to be able to exercise the tax credit, but later in the period during which it actually affects the service provider or deducts himself. You can contact us for more information about these deductions or inquire about our audit services. In itself, the purpose of deduction is to ensure that the final determination of part of the amounts corresponding to the payment of a transaction has as its exclusive provision the payment of taxes to the Treasury, thus ensuring by the collection of tax. This is intended to reduce the informality in the sale of products or even in the provision of services subject to the system, since the buyer or user of the service, in order to comply with its obligation to make the corresponding deduction, needs the persons who sell bines or provide them with services to have a current account with the Banco de la Nación. Company that, in addition to the usual requirements for opening a current account, requires the provider to have an RUC number. The main objective is to broaden the tax base and thus increase the levy. The SUNAT deduction system was created to facilitate the payment of taxes to those who offer certain goods and services. With regard to erroneous withdrawal, it should be noted that Superintendence Decision No. 183-2004/SUNAT did not establish a specific procedure in this regard; However, the SUNAT electronic portal can find instructions entitled “Procedure for requesting SUNAT to authorize the return of funds corresponding to undue or excess deposits in the deduction account”. [3] However, sometimes the retention agent makes the mistake of locking rather than removing. In this case, the agent must always deduct the amount corresponding to the service provider and pay a fine if he has not made the deduction within the period set in the deduction rule, provided that the administration has informed him of the non-deduction, otherwise he will receive a reduction of 100% of the fine. To make deductions, the total value of the transactions must be greater than half ITU or S/2.300.00 in the case of goods listed in Annex 1 ± R.S.

183-2004-SUNAT and greater than S/700.00 for goods or services listed in ±other annexes. The deduction system consists of deducting or discounting at the expense of the person who purchases a good or the user of a service included in the system, for this a percentage determined by the standard is applied, based on the price of the supplier (seller of the good or the supplier of services). then make the deposit at the Banco de la Nación in a current account in the name of the supplier. 11.3.Income as collection of amounts deposited in the deduction account It is important to mention that deductions can be used to pay your taxes: the deduction regime as a legal instrument of the tax administration to control and increase collection has acquired significant importance in daily tax work; In this way, it is important to know the scope, characteristics and obligations involved. This guide expands on the above aspects taking into account the latest changes. The deduction system applies to the following transactions: The corporation can only use what is accumulated in its deduction account to fulfill various obligations, such as: Deductions are a system that helps collect taxes. This mechanism consists of generating a discount for the buyer (a percentage of the sale price of the service or good purchased). This reduction then goes to the current account in the name of the person who sold the service or so that it can be used to settle tax debts. It should be noted that the deadline for the Customer to notify SUNAT that the Supplier does not have a deduction deposit account is within five (5) working days following the expiry of the period that the Customer would have to make the deposit of the deduction, i.e. five (5) working days after the day of payment of the obligation to the Supplier, or five (5) business days after the fifth business day of the month, This follows the publication of the proof of purchase in the purchase file, whichever comes first.