Introduction Thinking about expanding your business operations in Peru?

important to know the ins and outs of the country's tax laws. Here's everything you need to know about personal taxes, corporate taxes, and VAT taxes in Peru.

Personal Taxes Peru has a progressive tax rate for domiciled individuals, with five brackets ranging from 8% to 30%. Non-domiciled individuals are taxed at a flat rate of 30% on their gross income in Peru. Make sure you're aware of the tax unit system and exemptions.

Corporate Taxes Both domiciled and non-domiciled corporations are taxed in Peru at a flat rate of 29.5%. Companies can take advantage of tax incentives and deductions, as well as carry losses forward for several years.

VAT Taxes Peru has a standard VAT tax rate of 18% on the use and provision of services, the sale of any goods, and the initial sale of any real estate. However, there are certain exemptions you should be aware of, including live events, agriculture, and financial services.

SERVIAP is a Professional Employer Organization (PEO) that can help your business expand operations throughout the Western Hemisphere, including in Peru.

With our co-employment model, we can assume total responsibility for your talent, allowing you to focus on your organization's strategic activities. Contact us today to learn more about expanding your business in Peru.