Peru Tax Rates
Peru operates a progressive tax system administered by the Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT). Personal income tax is progressive with a top rate of 30%, corporate tax is 29.5%, and the standard VAT (IGV) rate is 18%. Peru taxes residents on worldwide income and non-residents on Peruvian-source income only. The tax system features separate treatment for employment income, business income, and capital income.
Top Income Tax Rate
30%
Corporate Tax Rate
29.5%
VAT / Sales Tax
18%
Capital Gains Tax
6.3%
Detailed Tax Information
Income Tax Brackets
Peru imposes a progressive personal income tax on employment income (categoría quinta) with five brackets ranging from 8% to 30%. The brackets are expressed in terms of UIT (Tax Units), with 1 UIT = PEN 5,150 for 2025. Employment income above 7 UIT (PEN 36,050 annually) is subject to tax after a standard deduction of 7 UIT. Self-employment income (categoría cuarta) is taxed at the same progressive rates after a 20% flat deduction. Capital income (categories 1 and 2) is taxed separately at flat rates. Residents are taxed on worldwide income; non-residents pay a flat 30% on Peruvian-source employment income.
| Income Range | Tax Rate |
|---|---|
| S/0 – S/26K | 8% |
| S/26K – S/132K | 14% |
| S/132K – S/231K | 17% |
| S/231K – S/330K | 20% |
| S/330K+ | 30% |
Corporate Tax
Peru imposes a 29.5% corporate income tax (Impuesto a la Renta) on resident companies' worldwide income. Non-resident companies are taxed at 29.5% on Peruvian-source income. Small and micro enterprises under the MYPE regime may qualify for reduced rates of 10% on the first 15 UIT of net income. Companies must make monthly advance tax payments. A 5% dividend distribution tax applies on top of corporate tax. Peru has transfer pricing rules following OECD guidelines and thin capitalization rules (3:1 debt-to-equity ratio for related-party loans). Special regimes exist for mining, oil and gas, and agriculture.
Standard Rate
29.5%
Small Business Rate
10%
Capital Gains Tax
Capital gains on real estate and securities in Peru are classified as second-category income and taxed at an effective rate of 6.25% (calculated as 5/8 of 10% or, equivalently, a 20% deduction on the gross gain followed by a 6.25% rate on the net amount). For non-residents, a flat 30% withholding applies on capital gains. Gains from shares traded on the Lima Stock Exchange by residents are taxed at 6.25% of the net gain. Real estate gains benefit from an inflation adjustment on the acquisition cost.
Short-Term Rate
6.3%
Long-Term Rate
6.3%
Rate
6.3%
VAT / Sales Tax
Peru levies an 18% value-added tax called IGV (Impuesto General a las Ventas), composed of 16% national IGV plus 2% Municipal Promotion Tax (IPM). Most goods and services are subject to the full 18% rate. Exports are zero-rated. Exempt goods and services include financial services, insurance, first sale of residential properties, education, and cultural events. Peru requires foreign digital service providers to register and collect IGV. Monthly returns are mandatory.
Standard Rate
18%
Cryptocurrency Tax
Peru does not have specific cryptocurrency legislation, but SUNAT treats crypto gains under existing income tax rules. Gains from selling cryptocurrency by individuals are classified as second-category income and taxed at the effective rate of 6.25%. For businesses, crypto income is taxed at the regular corporate rate of 29.5%. SUNAT has indicated that virtual currencies are considered assets for tax purposes. Taxpayers must report crypto transactions and holdings in their annual returns.
Tax Treaties
Peru has approximately 9 double taxation agreements in force, a relatively small network by international standards. Key treaties include those with Chile, Canada, and Brazil (within the Andean Community framework). Peru is a member of the Andean Community (CAN), which has its own multilateral tax framework (Decision 578) that provides rules for the elimination of double taxation among member states (Bolivia, Colombia, Ecuador, Peru). Peru participates in the Global Forum on Transparency and Exchange of Information.
Treaty Network
9
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Peru
See how much you could save by moving here from your current country.
$-1,054
Tax in United States
$24K
24.4% effective
Tax in Peru
$25K
25.4% effective
Additional Cost
4.3%
more tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
