FACULTY OF BUSINESS

ACCOUNTING SCHOOL

Mype Regime And General Regime

COURSE:
Personal And Business Income

AUTHOR:
Diaz Sagastegui, Noe Levi (ORCID.ORG/0000-0002-1900-6897)
Mundaca Flores, Kelvin (ORCID.ORG/0000-0002-5334-0821)

TEACHER
CPC. Lozano Ríos, Marco Antonio (orcid.org/0000-0002-5397-1885)
CICLO V

MOYOBAMBA-PERÚ
2024
 INDEX

I. INTRODUCTION................................................................................................................1
II. DEVELOPMENT................................................................................................................2
III. CONCLUSIONS.................................................................................................................4
IV. BIBLIOGRAPHIC REFERENCE......................................................................................5
I. INTRODUCTION.

In the country there are various regulations that allow us to live together in a
better organized society. These regulations are very important, because
they guide the fulfillment of our obligations as citizens, that is, these
regulations allow all people to know what their limitations and obligations
are with their country.

The tax regime constitutes a fundamental pillar in the operation of

companies, defining the regulatory framework that regulates the payment of
taxes and other fiscal obligations. As Jorge Bravo Cucci states, "the tax
regime not only establishes the rules that regulate the payment of taxes, but
also determines the level of tax burden to which companies are subject"
(Bravo Cucci, 2018). This definition highlights the importance of the tax
regime in the financial and operational management of companies.

The relevance of the tax regime for companies has been highlighted by
various authors. In the words of John Freedman, "choosing the appropriate
tax regime can have a significant impact on the profitability and
competitiveness of a company" (Freedman, 2016). This statement
highlights how the choice of tax regime can influence the financial structure
and investment capacity of a company, which in turn affects its position in
the market.

Furthermore, the tax regime also has implications in terms of legal

compliance and corporate responsibility. According to Richard Murphy,
"companies have the responsibility to comply with the tax obligations
established by the current tax regime in the country where they operate"
(Murphy, 2019). This quote highlights the importance of legal compliance in
tax matters and the need for companies to properly manage their tax
obligations to avoid sanctions and maintain their corporate reputation.

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 The general regime is intended for medium and large companies, whether
legal or natural persons, this depends more on the income that a company
or entity can obtain and knowing if it meets those requirements, such as for
example this general regime is for those companies that obtain third
category income with an annual net income greater than 1700 UIT SUNAT
(Dianderas & Vilca, 2021, p. 29).

Taxpayers in the general regime are those who keep those books and
records, including journals, general ledgers, purchase and sales records,
cash and bank books, as well as inventories and balance sheets. This
regime is also free to issue any type of payment vouchers. (Liza &
Salvador, 2021, p. 14 – 15)

Finally, we can say that the general regime applies to all those taxpayers,
regardless of whether they are legal or natural persons, as long as they can
be in the third category and comply with those obligations requested of
them, as we also know at the time of being in this category. regime we have
certain advantages that it offers us, one of them is that it has no limits on
income for which it can carry out various economic activities, another of
these advantages is that it allows us to issue what type of payment receipt
and finally this regime benefits the company because in the event that there
are economic losses within it, it can be deducted from those profits that
were from subsequent years

II. DEVELOPMENT.

MYPE REGIME
The MYPE Regime, an acronym for Micro and Small Business, is a tax
framework designed specifically for this business segment in Peru.
According to Law No. 28015, the MYPE Regime seeks to simplify tax
obligations and promote the development of micro and small businesses in
the country.

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Requirements to qualify for the Regime
To qualify for the MYPE Regime, companies must meet certain
requirements established by SUNAT (National Superintendence of
Customs and Tax Administration). These requirements typically include
annual billing limits and compliance with certain conditions related to the
size and nature of the business.

Tax Benefits and Advantages for Micro and Small Businesses

One of the main advantages of the MYPE Regime is the simplification of tax
procedures, which reduces the administrative burden for micro and small
businesses. In addition, this regime usually offers tax benefits such as
reduced tax rates and exemptions from certain taxes, which contributes to
improving the profitability and competitiveness of these companies in the
market.

Limitations and Restrictions

Despite its benefits, the MYPE Regime also has limitations and restrictions
that companies must take into account. These may include limits on the
deduction of expenses, restrictions on hiring personnel and other specific
requirements established by tax regulations.
The MYPE Regime, therefore, offers an attractive option for micro and
small businesses in Peru, providing a simplified tax framework and tax
benefits that can contribute to the growth and development of this important
business sector in the country. However, it is important for companies to
carefully evaluate their options and consider both the benefits and
limitations before making the decision to opt into this tax regime.

GENERAL REGIME
Definition and Characteristics
The General Regime, unlike the MYPE Regime, is aimed at larger
companies and offers a more detailed and complex tax framework. This
regime applies to companies whose characteristics or volume of operations

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 place them outside the scope of the MYPE Regime. Under the General
Regime, companies are subject to more exhaustive tax regulation and a
series of additional tax obligations.

Requirements
Companies that opt for the General Regime must meet a series of
requirements established by SUNAT and other regulatory entities. These
requirements may include aspects such as the size of the company, its
annual turnover, the nature of its commercial activities and other criteria
defined by current tax regulations.

Taxes and Fiscal Obligations

Under the General Regime, companies are subject to a wide range of taxes
and fiscal obligations. This may include Income Tax, General Sales Tax
(IGV), Selective Consumption Tax (ISC) and other specific taxes depending
on the company's sector of activity. In addition, companies under this
regime are required to submit periodic sworn statements and comply with
other formal obligations established by law.

ADVANTAGES AND DISADVANTAGES

Compared to the MYPE Regime, the General Regime offers certain
advantages and disadvantages. Among the advantages we can mention the
possibility of deducting a greater amount of expenses, accessing special
depreciation and amortization regimes, and greater flexibility in tax
management. However, these advantages are often accompanied by
greater administrative complexity and a higher cost in terms of tax
compliance. Therefore, companies must carefully evaluate the implications
of the General Regime in relation to their financial needs and capabilities
before opting for this tax regime.

III. CONCLUSIONS
In this report, we have analyzed and compared the MYPE Regime and the
General Regime in terms of requirements, benefits and limitations. Through

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 this analysis, we have reached several important conclusions about the tax
management of companies in Peru.
Both regimes offer viable options for businesses, but each has its own
characteristics and considerations that must be taken into account when
making tax decisions. The MYPE Regime, aimed at micro and small
businesses, offers a simplified tax framework and tax benefits that can be
especially beneficial for this business segment. On the other hand, the
General Regime, applicable to larger companies, provides greater flexibility
and a wider range of tax options, although with greater administrative
complexity.
It is crucial that companies carefully evaluate their options and consider
factors such as their size, annual turnover, financial structure and business
objectives when choosing between the MYPE Regime and the General
Regime. Choosing the right tax regime can have a significant impact on a
company's profitability and competitiveness, as well as its legal compliance
and corporate responsibility.
For future research, topics related to the effectiveness of tax regimes in
promoting business growth, the impact of tax incentives on the formalization
of the informal economy, and best practices in tax management for
companies in different sectors could be explored. stages of development

IV. BIBLIOGRAPHIC REFERENCE.

 Bravo Cucci, J. (2018). "Manual de Derecho Tributario". Lima: Editorial

Jurista.
 Freedman, J. (2016). "Tax Strategies for the Small Business Owner". New
York: McGraw-Hill Education.
 Murphy, R. (2019). "The Joy of Tax". London: Corgi Books.
 https://renati.sunedu.gob.pe/handle/sunedu/2848839
 https://repositorio.usmp.edu.pe/bitstream/handle/20.500.12727/8516/
dianderas_sjm-vilca_chsb.pdf?sequence=1&isAllowed=y