The Income tax An income tax is a tax levied on the income of individuals or business . Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate tax, corporate income tax, or profit tax. Individual in Peru Peru , officially the Republic of Peru (Spanish: República del Perú, pronounced [reˈpuβlika ðel peˈɾu] ( listen)), is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean is collected by the Superintendencia Nacional de Administración Tributaria, best known as SUNAT. This country uses a system of progressive taxation A progressive tax is a tax by which the tax rate increases as the taxable amount increases. "Progressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from low to high, where the average tax rate is less than the marginal tax rate. It can be applied to individual taxes or to a tax on personal income, and a flat rate tax on business income.
External links
- Superintendencia Nacional de Administración Tributaria (SUNAT) Peru's government agency involved in taxation issues mainly about Income tax, Added Value Tax and collecting Social Security funds.
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Categories: Taxation in Peru Categories: Taxation by country | Government of Peru | Economy of Peru | Peruvian law | Taxation by country Categories: Taxation | Government by country | Economies by country | Law by country
