Peru's headline corporate income tax (CIT) rate is 29.5.
The headline personal income tax (PIT) rate is 30.
The standard VAT/GST (or equivalent consumption tax) rate is 18. Registration thresholds, zero-rated and exempt categories, and reduced rates vary by jurisdiction - see the source link below for the full detail on this jurisdiction.
A foreign individual is domiciled in Peru for tax purposes if resident or present in Peru for more than 183 calendar days within any 12-month period (temporary absences of up to 183 days don't interrupt continuity); Peruvian nationals are presumed resident unless they demonstrate foreign fiscal domicile. Domiciled status is fixed at the start of the fiscal year - a change during the year takes effect only from January 1 of the following year. Domiciled taxpayers are taxed on worldwide income; non-domiciled taxpayers only on Peru-source income, generally at a flat 30% rate on gross income with no expense deductions.
Peru's CFC regime has been in force since January 1, 2013. A non-resident entity is a CFC where a Peruvian resident, alone or with related parties, holds more than 50% of equity, voting rights, or results as of the CFC's fiscal year-end, and the CFC is located in a tax haven or a jurisdiction with nil or reduced tax rates. Passive income (dividends, interest, royalties, capital gains, financial investment income) is attributed and taxed currently regardless of distribution; genuine active business income is excluded.
Peru's original 3:1 debt-to-equity thin capitalization rule (which, from 2019-2020, briefly extended to both related and unrelated-party loans) was replaced effective January 1, 2021 by an EBITDA-based rule: net interest exceeding 30% of the prior year's tax-EBITDA is non-deductible, applying to both related and unrelated party debt. Disallowed interest carries forward up to four years, always subject to the same 30% cap.
Peru maintains approximately 9-16 double tax treaties (sources vary in this range; comprehensive treaties confirmed with Brazil, Canada, Chile, Japan, South Korea, Mexico, Portugal, and Switzerland), plus the Andean Community's Decision 578 multilateral framework with Bolivia, Colombia, and Ecuador. A new UK-Peru treaty entered into force January 21, 2026. Peru ratified the OECD's Multilateral Instrument (MLI) on June 9, 2025. Peru has no comprehensive tax treaty with the United States.