- Peru’s tax agency SUNAT clarified VAT refund offset rules for exporters.
- Exporters can offset excess input VAT (SFMB) against corporate income tax liabilities even if they file the Exporters’ Benefits Declaration (PDB) late or not at all.
- This approach prioritizes substance over form, allowing relief for formal non-compliance.
- The clarification aligns with Article 35 of the VAT Law.
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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