Through Supreme Decree No. 309-2023-EF, the Peruvian Government, through the Ministry of Economy and Finance raised the value of the Tax Unit (UIT) from S/. 4,950 to S/. 5,150 for 2024, which represents an increase of 4.04% with respect to the previous period.
It should be remembered that the UIT is a value established to determine taxes, infractions, fines and other tax aspects. Likewise, this increase in the value of the UIT has an impact on the limit of deductible expenses applicable to individuals, who could obtain a higher amount for income tax refunds.
Finally, the new value of the UIT is effective from January 1 through December 31, 2024.
