Last reviewed - 22 July 2021

Peru, located on South America's central Pacific coast, is bordered by Brazil and Bolivia to the east, Chile to the south, and Colombia and Ecuador to the north. Peru declared independence in 1821 and is divided into 25 regions, with Lima as its capital. The official language of Peru is Spanish, and the currency is the sol (PEN).

Peru has experienced constant growth in its gross domestic product (GDP) for over a decade, driven mainly by the production and export of commodities. After a year of deceleration, the country’s economy has recovered, and Peru’s expected growth remains in the top of the region for 2021 (10.3%) and almost at the top for 2022 (3.9%), very close to Colombia (4.1%).

The economy’s rate of growth has recovered, thanks in large measure to the continuing recovery in metals’ prices, which translates to stronger investments in mining. Peru also performs better than the region average in time needed to obtain the municipal license and building safety technical inspection from the district council, which facilitates starting a business.

With the objective to remain one of the leading economies in the region, and in line with its commitment to boost the country’s competitiveness, Peru has also carried out some reforms to improve the business climate and promote foreign investment.

Peru is a member of the World Trade Organization (WTO) and the Asia-Pacific Economic Cooperation (APEC), with several bilateral agreements based on most favoured nation treatment on a reciprocal basis. In recent years, Peru’s foreign trade policy has promoted an aggressive trade liberalisation to successfully insert Peru in the global economy. To that end, Peru has signed several trade agreements that aim to further access to the country’s main trading partners, including the Andean Community (Bolivia, Colombia, and Ecuador), Mercosur (Argentina, Brazil, Paraguay, Uruguay, and Venezuela), Pacific Alliance (Colombia, Chile, and Mexico), EFTA (Iceland, Liechtenstein, Norway, and Switzerland), the European Union (EU), Australia, Chile, China, Canada, Costa Rica, Cuba, Honduras, Japan, Mexico, Panama, Singapore, South Korea, Thailand, the United States (US), and Venezuela.

Peru has also signed trade agreements soon to be effective with Australia, Brazil, Guatemala, and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is currently negotiating agreements with El Salvador, India, and Turkey, the Trade in Services Agreement (TISA), and the Doha Development Round.

PwC Peru supports clients with the local knowledge and skills of its people and with access to a broad range of other professionals across the PwC global network of firms. PwC Peru is organised by industries, with a focus on financial services, energy, mining, telecommunications, retail, and government. PwC Peru has tax professionals that offer a wide variety of services, including in the areas of legal consulting, tax compliance, tax consulting, and transfer pricing.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)


Corporate income tax (CIT) due dates
CIT return due date

First week of April.

CIT final payment due date

First week of April.

CIT estimated payment due dates

12 monthly instalments.

Personal income tax (PIT) rates
Headline PIT rate (%)


Personal income tax (PIT) due dates
PIT return due date

Between the last week of March and the first week of April, according to the last number of each taxpayer ID.

PIT final payment due date


PIT estimated payment due dates

Income tax on remuneration must be withheld by the employer on a monthly basis.

Value-added tax (VAT) rates
Standard VAT rate (%)


Withholding tax (WHT) rates
WHT rates (%) (Dividends/Interest/Royalties)

Resident: NA;

Non-resident: 5 / 4.99 / 30

Capital gains tax (CGT) rates
Headline corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Headline individual capital gains tax rate (%)


Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)


Inheritance and gift tax rates
Headline inheritance tax rate (%)


Headline gift tax rate (%)


NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.