The CCL (Cámara de Comercio de Lima – Lima Chamber of Commerce) has reported that companies under the Mype Tax Regime or the General Income Tax Regime must declare and pay the ITAN (Impuesto Temporal a los Activos Netos – Temporary Tax on Net Assets) for the 2024 financial year.
Who Must Pay the ITAN?
Companies whose historical value of net assets as of December 31, 2024, exceeds one million soles must comply with this obligation. A rate of 0.4% will be applied to the surplus to calculate the ITAN.
Assets Deductible from the Tax Base
It should be noted that certain assets can be deducted from the ITAN tax base:
- Machinery and equipment less than three years old.
- Shares, participations, or capital rights in other companies that are subject to the ITAN.
- Properties, museums, and private collections declared cultural heritage by the INC (Instituto Nacional de Cultura – National Institute of Culture).
Companies Exempt from the ITAN
Some entities are exempt from this tax:
- Companies that have not started production activities.
- Public water and sewerage service providers.
- Companies in the process of liquidation or insolvency.
- The Cofide (Corporación financiera de desarrollo – Development Finance Corporation).
- Associations or foundations exempt from income tax.
Payment Dates and Methods
The ITAN must be declared and paid along with the March tax obligations, due between April 15 and 25, according to the last digit of the RUC (Registro Único del Contribuyente – Single Taxpayer Registration/TIN). The ITAN can be paid in cash or nine equal monthly installments, with a minimum of S/1 per installment.
| Last RUC Digit | Dute Date |
| 0 | April 15, 2025 |
| 1 | April 16, 2025 |
| 2 y 3 | April 21, 2025 |
| 4 y 5 | April 22, 2025 |
| 6 y 7 | April 23, 2025 |
| 8 y 9 | April 24, 2025 |
Note: For good taxpayers, the due date is April 25, 2025.
Benefits of Complying with the ITAN
In addition to avoiding tax penalties, the ITAN payment can be employed as a credit against the payments on account of the Income Tax for the periods from March to December 2025, as well as against the annual regularization payment of the Income Tax. For unused balances, the taxpayer may request a refund or offset it against other taxes administered by the SUNAT (Superintendencia Nacional de Aduanas y Administración Tributaria – National Superintendence of Customs and Tax Administration).
Conclusion
Timely compliance with the ITAN declaration and payment is essential for Peruvian companies. In addition to avoiding possible sanctions, it optimizes tax management by applying tax credits. Companies should thoroughly review their assets and utilize the deductions available to determine their taxes accurately.
Source: Gestión