Understanding Income Tax in Peru: Peruvian and Foreign Source Income

🏠 Peruvian individuals can lose their domiciled status if they are outside the country for more than 183 days within a 12-month period.

✈️ Peruvian individuals who have lost their domiciled status can regain it when they return to the country, unless they stay in the country for 183 or fewer days within a 12-month period.

📅 If a Peruvian individual loses their domiciled status and stays outside the country for more than 183 days within a 12-month period, they will no longer be considered domiciled starting from January 1st of the following year.

📌 Peruvian law defines the conditions for regaining domiciliary status upon return to the country.

📌 The criteria for domiciled Peruvians and non-domiciled foreigners are different, with domicile being the main connection for Peruvians.

📌 Branches of foreign companies are considered separate legal entities and are subject to taxation based on their Peruvian source income.

📌 Being a national of a particular country obligates individuals to pay income tax in that country.

🔍 Domicile is essential in determining tax obligations for individuals and associations.

💰 Income from Peruvian and foreign sources are subject to different tax rules.

📌 The video discusses the general aspects of income tax, specifically focusing on income from domestic and foreign sources.

🔍 It explains that income produced by prices, including those from sales, falls under the category of capital gains rather than production income.

💡 The distinction between income from physically located assets or economically used rights and income from sales is highlighted.

🎯 The video discusses the general aspects of income tax and differentiates between income from Peruvian and foreign sources.

💼 It mentions that income from the sale of immovable property in Peru is subject to taxation, while income from the sale of movable property is not.

💻 The video also highlights the issue of software being considered as economically used in the country and therefore subject to income tax, but raises questions about its renewal and the determination of its cost.

📚 The video discusses the general aspects of income tax, focusing on income from domestic and foreign sources.

💻 The analysis of income from rights and their economic utilization in companies is explored, highlighting the conditions for taxation.

💰 The article also addresses the taxation of income from capital, specifically interest, and the criteria for connection to the country.

🔑 There are three criteria for determining the source of income in Peru: where the money is deposited, who pays it, and where it is economically utilized.

💡 Commissions are considered income source in Peru, but only when they are related to interest. Commissions charged by a third party for structuring a loan or providing a guarantee are not subject to income tax.

🌐 Income sourced from outside Peru can still be taxed if it is used economically within Peru, even if the payer is located in a different jurisdiction.