- Peru has amended its VAT withholding system (SPOT) through Legislative Decree No. 1713.
- The tax agency (SUNAT) can now directly seize funds from VAT withholding accounts to pay overdue tax debts.
- This can be done without initiating formal enforcement or collection proceedings.
- The change applies to funds that were previously restricted for tax payments or specific statutory conditions.
Source: taxand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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