The Peruvian Tax Administration (SIN) has recently announced a resolution that extends the grace period for complying with the Electronic Remittance Guide (GRE) in certain cases. This resolution, known as Resolution No. 000017-2023-SUNAT/700000, states that infractions related to the issuance of GRE specified in numerals 5 and 9 of Article 174 of the Peruvian Tax Code will not be subject to sanctions until January 2024. The GRE is a crucial document that supports the transfer of goods from one location to another, such as a warehouse or establishment.
This resolution comes as a relief to many businesses and taxpayers who were struggling to meet the requirements of the GRE within the original timeframe. The extension of the grace period provides them with additional time to adjust their processes and ensure compliance with the regulations set forth by the Peruvian Tax Administration.
The Electronic Remittance Guide (GRE) plays a vital role in the Peruvian tax system. It serves as a proof of the legal transfer of goods and helps to prevent tax evasion and fraud. The document contains important information such as the sender and receiver’s details, the description and value of the goods being transferred, and the tax identification numbers of the parties involved.
The extension of the grace period for certain infractions related to the GRE is a result of the Peruvian Tax Administration’s commitment to supporting businesses during these challenging times. The COVID-19 pandemic has had a significant impact on the global economy, and Peru is no exception. Many businesses have faced disruptions in their operations, making it difficult for them to meet their tax obligations.
By providing this extension, the Peruvian Tax Administration acknowledges the difficulties faced by businesses and aims to facilitate their compliance with the GRE requirements. This measure is expected to alleviate some of the burden on businesses and allow them to focus on recovering and stabilizing their operations.
It is important to note that while the grace period has been extended for specific infractions related to the GRE, businesses should still strive to comply with the regulations as soon as possible. The extension should not be seen as an opportunity to delay or avoid meeting the requirements altogether. Instead, it should be used as an opportunity to review and improve internal processes to ensure long-term compliance.
Businesses are encouraged to take advantage of the additional time provided by the extension to assess their current practices and make any necessary adjustments. They should review their systems and procedures for issuing the GRE and ensure that they are in line with the requirements set by the Peruvian Tax Administration. This may involve updating software, training employees, or seeking professional assistance to ensure compliance.
The Peruvian Tax Administration will continue to monitor compliance with the GRE requirements and take appropriate action against businesses that fail to meet their obligations. It is essential for businesses to stay informed about any updates or changes in the regulations and promptly address any issues or concerns.
In conclusion, the extension of the grace period for certain infractions related to the Electronic Remittance Guide (GRE) is a positive development for businesses in Peru. It provides them with additional time to adjust their processes and ensure compliance with the regulations set forth by the Peruvian Tax Administration. However, businesses should not see this extension as an opportunity to delay or avoid meeting the requirements altogether. Instead, they should use this time to review and improve their internal processes to ensure long-term compliance. By doing so, businesses can contribute to a more transparent and efficient tax system in Peru.
