The Peruvian Tax Office (SUNAT) is currently developing a tax program for natural persons, whose aim is to detect tax evasion.
This program is intended to identify tax payers who engage in economic activity which generates income that is not being declared. This is achieved by criss-crossing information with other entities and by comparing acquisitions against expenditures.
Once proven, any increase in equity that is not fully justified will be treated as undeclared income resulting in the application of regulations 91 & 92 from Income Tax Law, which would estimate any undeclared income.
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To determine the non-justified patrimonial increase, the SUNAT will be able to use two methods: the patrimonial variation and the difference between income and expenses. With these methods the manifestations of wealth are compared with the declared income, if differences are found these must be sustained authentically. The wealth from income which origin could not be justified authentically will be considered to be a clear taxable revenue for effects of the tax to the revenue. The method of patrimonial variation consists of comparing the initial inventories of a person with the ones at the end of a certain period of time and if differences are found, these are compared with the declared income.
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