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Peru Congress Approves Cash-Basis Advance Tax on Rental Income for 2026

The Permanent Commission’s second vote aligns Article 84 with Law 32430 to tie landlords’ advance payments to rent actually collected.

Overview

  • The change takes effect on January 1, 2026, shifting first‑category rental income advance payments to a cash basis.
  • Lawmakers passed Proyecto de Ley No. 13592 in a second vote with 18 in favor, none against, and 3 abstentions.
  • Under the new rule, taxpayers deduct 20% and then apply a 6.25% rate to the gross rent they actually receive.
  • Compliance must be supported by the SUNAT‑approved rental receipt.
  • The measure resolves a prior inconsistency that required accrual‑based advances even when rent went unpaid.