Taxation in Peru

Tax system

Taxation in Peru is regulated by Law No.26272, according to which incentives apply to small and medium-sized businesses. During the first two years, the entrepreneur pays 0.75% of the gross annual production volume or provided services to the state budget.

In the category of small businesses in Peru should be classified to the companies with a number of staff of not more than 10 people and an annual turnover not exceeding 150 unified tax rates or 465 thousand Peruvian sols. It is necessary to have a turnover of no more than 850 unified tax rates (2 million 635 sols) for medium-sized enterprises, as well as to have from 11 to 50 employees in the company staff.