Peru legal and accounting and tax considerations in 2024

corporate taxation in Peru

  1. The corporate income tax in Peru is imposed at a standard rate of 30%. All legal entities must register with the Peruvian Tax Administration (SUNAT) and file annual returns in the 1st week of April following the end of the fiscal year;
  2. Capital gains in Peru are treated as normal income and taxed on the same rate of the corporate tax of 30%;
  3. The Value Added Tax (VAT) is levied at a standard rate of 18%. All trading companies must register for VAT and file monthly returns;
  4. A 30% withholding tax is applicable on i) royalties paid to resident and non-resident companies ii) interests paid to no-resident companies;
  5. Other withholding taxes include i) 4% withholding tax on dividends paid to non-resident companies and earnings remitted abroad and ii) 15% withholding tax on technical services fees paid to resident and non-resident companies;
  6. Employers are required by Law to submit a monthly social security contribution of 8% of their employees’ gross monthly salary to the Peruvian social tax scheme;
  7. Other taxes in Peru include i) real property tax levied at a varying rate of up to 1% depending on the property value ii) 3% transfer tax applicable to transfer of real estate iii) 0.4% temporary net assets tax applicable to assets exceeding US$333,000;
  8. Business operational losses in Peru maybe carried forward for up to 4 years or indefinitely. However only up to 50% of a year’s taxable income can be offset by carry forward of losses. Carryback of losses is not permitted;
  9. Peru is signatory to 6 double tax treaties with Canada, Bolivia, Colombia, Ecuador, Brazil, Mexico and Chile;
  10. Healy Consultants will assist the Client with i) documenting and implementing accounting procedures ii) implementing financial accounting software iii) preparing financial accounting records and iv) preparing forecasts, budgets and performing sensitivity analysis;
  11. It is important our Clients’ are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants’ help to clarify your annual reporting obligations.

Contact us

For additional information on our accounting and legal services in Peru, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
central reserve bank of Peru  Peru travel Peru supervisory agency for state procurement (OSCE)  Lima airport, Peru Peru national superintendency of immigration government portal Ministry of economy and finance Ministry of foreign affairs of Peru