Peru — Value-added tax (VAT)
|General VAT Rate||Other Rates||Local Currency|
|18%||0%||Nuevo Sol (PEN)|
Peru's general VAT rate is 18%, with other rates including 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the General Tax and Customs Administration (http://www.sunat.gob.pe) in Lima.
Peru's VAT consists of a 16% state VAT plus 2% municipal VAT.
Peru is a member of the Andean Community trading bloc, which may affect international VAT collection and regulations.
Peru's consumption tax is called the Value-added tax (VAT), locally known as Impuesto General a las Ventas, which was introduced in August 1991.
Peru VAT rates for 2017
- Zero-rated and exempt
Peru VAT number format
Businesses in Peru that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the General Tax and Customs Administration, and will follow a certain format. The VAT number format is 11-digit taxpayer identification number (RUC) used in all communications with Tax and Customs Administration.
Peru VAT return periods
Businesses in Peru that are required to collect tax from consumers must file regular tax returns with the General Tax and Customs Administration in Lima. Peru's VAT return periods are:
Peru Value-added tax (VAT) Thresholds
These are the revenue thresholds at which businesses in Peru are required to start collecting and remitting tax.
Recovery of VAT by non-established businesses
Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Peru are not required to collect taxes from the consumer.
Peru VAT Refunds
Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Peru VAT refund program, more info can be obtained from the General Tax and Customs Administration.
Peru Tax Sources & Citations
- EN: Peru Value Added Tax
- RU: НДС
- CN: 增值税
- Peru General Tax and Customs Administration (http://www.sunat.gob.pe)
- Ernst & Young global VAT tax study, Peru (updated 2017)
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