In Peru, the main taxes are Central Government revenues, which are collected by the National Tax Administration Superintendency (SUNAT for it's acronym in Spanish), The General Sales Tax (IGV for it's acronym in Spanish) is a tax on the value added at each transaction made at different stages of the economic cycle.

General Sales Tax:

The General Sales Tax (IGV) is a tax on the value added at each transaction made at different stages of the economic cycle.

The general tax rate is 16% to which is added 2%, which corresponds to the Municipal Promotion Tax and applied simultaneously on all taxable transactions with IGV.


Income Taxes:

According to the law of income tax, the income is classified into five categories:

First category:

Thisare those produced by the lease, sublease and assignment of real or personal property.

Second category

It applies to gains from capital income, such as interest on loans, royalties, patents, dividends and capital gains.

The third category

This category is the income from trade, industry and services from business and other expressly considered by the law of income tax.

Fourth category

This category applies to revenues generated by independent work.

Fifth category

This tax applies to wages of employed workers.


Selective Consumption Tax:

The Selective Consumption Tax ISC (for it's acronym in English) is levied on sales in the country at the producer and import of goods such as fuel, cars, beer, cigarettes, alcoholic beverages, soft drinks and mineral water, other luxury items, fuel, gambling and betting .

Tax rates range between 0% and 50%, depending on the type of goods or services taxed.
In some cases, provides for payment of lump sum depending on the product or service taxed.

Financial transaction tax (ITF):

It a tax created temporarily to tax transactions in national or foreign currency, are debits or credits.

The tax is currently at the rate of 0.05%.

The tax is deductible for purposes of income tax. They are exempt from this tax, transactions between accounts of the same owner, accreditation or debit accounts aperture the employer on behalf of their employees or pensioners, debits the customer's account by way of tax, expenses account maintenance and delivery, accreditation or debit accounts of governments, diplomatic and consular missions, international agencies and organizations accredited in Peru.


Tariff Duties:

Customs duties levied on imports of foreign goods into the country and are calculated on the CIF value of imports. Current tariff structure includes three levels: 0%, 9% and 17%, with a total of 7, 351 items, divided as follows:

Tariff heading Tariff lavels Ad-valorem + surcharge Proportion %
3943 0% 35,6
2616 9% 35,6
792 17% 10,8

In addition, there are other taxes that are applied by the central government such as: temporary tax to net assets ITAN (for it's acronym in English), sales tax of pounded rice, rates for public services and tax the sale of milled rice.

Taxes Applied By Local Governments

Property taxes

This are taxes whose collection, administration and enforcement corresponds to the Municipal District where is the ownership. Into its fundamental aspects are determined the progressive in nature cumulative and are calculated on the basis of the value of all the ownership.
There are also other local taxes such as: municipal tax and vehicle possession.