In December 2020, Law N° 31103 was passed, through which tax provisions aimed at reactivating the tourism sector were established. One of these provisions is the creation of the Deferment and/or Fractionation Regime for the tourism sector (RAF-TURISMO in Spanish).
Through the RAF-TURISMO, tourist service providers and/or artisans whose annual net income for the taxable year 2019 does not exceed 2,300 tax units (UIT in Spanish) can request fractionation or deferment of their tax debt, with a reduced interest rate (30% of the default interest rate (TIM in Spanish) that is, 0.27% monthly).
However, through Supreme Decree N° 066-2021-EF, published on April 15, 2021, the following regulatory provisions have been approved for the application of the RAF-TURISMO:
It should be noted that the maximum period to qualify for RAF-TURISMO ends on 30 June 2021.
We trust that this information is relevant to you and your company. If you require a deeper understanding of the topic, do not hesitate to contact us.