Amendment to the First-Category Income Tax
On August 22, 2025, Law No. 32430 was published in El Peruano, amending Article 57 of the Income Tax Law regarding the criteria applicable to first-category income.
Thus, as of January 1, 2026, first-category income will be governed by the received-as-received criterion, rather than the accrued-as-received criterion. Although first-category income includes income from the rental of movable and immovable property, the bill emphasizes the benefit this amendment represents for property lessors. Indeed, according to the change, starting next year, landlords with delinquent tenants will no longer have to file a tax return, much less pay the applicable income tax, on rental payments that, although mandatory under the respective contract, are not collected during the fiscal year.
As always, at Thorne, Echeandía & Lema Abogados, we welcome any questions, comments, or additional clarifications. Don’t hesitate to contact us:
Pilar Santillán Meza
Marcia Benites Ventura
