UIT - Peruvian tax unit

UIT - Peruvian tax unit Synonyms: UIT

The UIT – Unidad Impositiva Tributaria – is a reference unit set annually by the Peruvian Ministry of Economy (MEF) to determine taxes, penalties, fines, processing fees, deductions, and others. In 2019, 1 UIT is equivalent to S/ 4,200.

Development of the UIT in Peru over the last years

Development of the UIT in Peru since 2008

For example, the fine for traffic violations isn’t an amount in Soles, but a percentage of an UIT. The fine for drunk driving is 1 UIT (or 100% of an UIT). So, if you are caught in 2019, you might end up paying S/ 4,200, while the same traffic violation would have cost you S/ 4150 the year before or only S/ 4,050 in 2017.

Or the fine for overstaying a tourist visa is not a fixed Soles amount but equals 0.1% of an UIT. So, in 2019 you have to pay a fine of S/ 4.20 for each day you overstayed.

Or Peruvian income tax which is imposed on a scale of brackets of the income. For the first 5 UITs of your income per year you pay 8% income tax, for the amount above that up to 20 UITs 14%, for the amount above that up to 35 UITs 17%, for the amount above that up to 45 UITs 20% and for the amount above 45 UITs 30%. So, in 2019 you pay 8% tax on the first S/ 21,000 (5 UITs) of your income and then on the income above that up to S/ 84,000 (20 UITs) 14% and so on.

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