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PE Tax 2023

Peru Tax Tables 2023 - Tax Rates and Thresholds in Peru

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This page contains the tax table information used for the calculation of tax and payroll deductions in Peru in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ PE, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Peru or would like to add to or suggest amendments to the information herein then please contact us.

Peru Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Peru are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Peru Tax Calculator 2023.

Peru provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Peru in 2023:

Peru Standard Deduction in 2023
Residence StatusStandard Deduction
ResidentPEN 34,650.00
Non-residentPEN 0.00
Peru Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
8%Income from PEN 0.000.00to PEN 24,750.00
14%Income from PEN 24,750.01 to PEN 99,000.00
17%Income from PEN 99,000.01 to PEN 173,250.00
20%Income from PEN 173,250.01 to PEN 222,750.00
30%Income from PEN 222,750.01 and above
Peru Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
30%Flat rate on all taxable income

In Peru, social security deductions paid by employees for pension contributions (whether to the National Pension System - ONP or to a Private Pension Administrator - AFP) are deductible from their gross income for the purpose of calculating taxable income. This means that these contributions can reduce the amount of income subject to income tax, thus potentially lowering the overall tax liability for individuals. This provision encourages participation in the pension system while providing a tax benefit to employees.

Peru Social Security and Payroll Deduction Rates in 2023

In Peru, the social security system is designed to provide comprehensive coverage and benefits to employees, funded by contributions from both employers and employees. This system ensures that workers are supported in various aspects of their lives, from healthcare to retirement. Understanding the types of social security and payroll deductions in Peru is essential for both employers and employees to navigate the system effectively.

Peru Social Security in 2023: Rates for Employers and Employees
Health Insurance0%9%9%
Working Compensation0%9.72%9.72%
Pension Fund13%0%13%
Peru Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees
Health Insurancen/an/an/an/a
Working Compensationn/an/an/an/a
Pension Fundn/an/an/an/a

The social security and payroll deduction system in Peru plays a pivotal role in safeguarding the welfare of the workforce. By providing a wide range of benefits, from healthcare to retirement and occupational safety, the system supports the social and economic stability of workers and their families. Understanding these contributions and their purposes helps employers and employees alike to appreciate the value of the social security system in Peru.

Peru VAT Rates in 2023

VAT rates for Peru are reviewed annually, you can use the VAT Calculator to calculate VAT due in Peru or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Peru VAT Rates
VAT RateVAT Description
18%Standard Rate

Historic Tax Tables supported for Peru

The following tax tables are supported by iCalculator™ PE as part of the suite of free tax tools we provide for Peru.