Tax
SUNAT administers 29.5 percent corporate tax and 18 percent IGV
SUNAT administers national taxation. Corporate income tax is 29.5 percent, and the IGV (VAT) is 18 percent including the 2 percent municipal promotion tax. Smaller businesses may use simplified regimes — the RUS, the special regime and the MYPE Tributario — with reduced rates and lighter filing. Withholding and detraction systems support VAT collection.
Key rules
- Jurisdiction — National, with municipal property and vehicle taxes separately
- Deadline — Annual income tax return: March to April on the SUNAT schedule
- Deadline — Monthly IGV and income tax instalments per the RUC-digit calendar
Governing law
- Texto Único Ordenado de la Ley del Impuesto a la Renta
- Texto Único Ordenado de la Ley del IGV e ISC
- Código TributarioDecreto Supremo 133-2013-EF
In practice
The detracciones system requires buyers of specified goods and services to deposit part of the price into the supplier's dedicated SUNAT account for tax use, an anti-evasion mechanism that has significant cash-flow consequences for suppliers. Tax disputes go first to SUNAT then to the Tribunal Fiscal, an administrative appellate body, before reaching the courts.