Peru
South America • UTC-5 • America/LimaPeruvian Income Tax System
Peru's tax system includes progressive personal income tax rates, a competitive corporate tax rate, and a standard VAT rate. The system is designed to encourage investment and economic growth.
Income Tax
8%–30%
Progressive rates based on income
Corporate Tax
29.5%
Standard corporate tax rate
VAT / GST
18%
Standard VAT rate
Nomad Visa
Available
Digital Nomad Visa
Tax System Overview
Peru's tax system is progressive, taxing residents on worldwide income and non-residents on Peruvian-source income. It includes personal income tax, corporate tax, and VAT.
System Type
Progressive personal income tax
Resident Taxation
Residents are taxed on worldwide income.
Non-Resident Taxation
Non-residents are taxed only on Peruvian-source income.
Tax Year
January 1 – December 31
Income Tax Bands
Peru's progressive income tax bands based on annual taxable income in local currency (2025).
Tax Treaty
Double Taxation Agreements help reduce withholding taxes and avoid double taxation on income from foreign sources.
Spain
Treaty ActivePeru and Spain have a double taxation treaty that prevents individuals and businesses from being taxed twice on the same income, reduces withholding taxes on dividends, interest, and royalties, and clarifies tax residency rules.
Key Benefits
Prevents double taxation on income earned in both countries.- Reduced withholding tax on dividends, interest, and royalties.
- Clarifies tax residency to determine where taxes should be paid.
Totalization Agreement
These agreements coordinate social security systems, ensuring workers pay into only one system at a time.
Spain
Agreement ActivePeru and Spain have a social security totalization agreement that prevents workers from paying social security in both countries simultaneously.
Coverage Areas
Facts
- Prevents double taxation of social security contributions for Peru–Spain workers.
- Allows workers who split careers between the two countries to combine contribution periods.
Other Countries with Agreements
Business & Freelancing
Corporate Tax Rate
29.5% standard rate with incentives for certain sectors
VAT Registration
Mandatory if annual turnover exceeds PEN 75,000.
Freelancer Rules
Freelancers are taxed under the general income tax regime with deductions for business expenses.
Crypto Policy
Cryptocurrency gains are treated as capital gains and taxed at the applicable rate.
Frequently Asked Questions
Digital Nomad & Benefits
Visa Details
Tax Perks
- No tax on foreign income for digital nomads
- Access to Peru's healthcare system
Filing Roadmap
Obtain Your RUC (Tax ID)
Register for a RUC (Registro Único de Contribuyentes) at the SUNAT office or online.
Gather Income Documents
Collect all income statements, including employment slips, rental receipts, and bank interest certificates.
File Your Tax Return
Submit your tax return online via the SUNAT portal by March 31.
Pay Any Tax Due
Pay any taxes owed by the filing deadline to avoid penalties.