Peru Tax Tables 2019 - 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 2019. 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.
2019 Tax Tables [Quick Links]
Related Calculators
Peru Personal Income Tax Tables in 2019
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 2019.
Peru provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Peru in 2019:
Peru Standard Deduction in 2019| Residence Status | Standard Deduction |
|---|
| Resident | PEN 29,400.00 |
| Non-resident | PEN 0.00 |
Peru Residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 8% | Income from PEN 0.000.00 | to | PEN 21,000.00 |
| 14% | Income from PEN 21,000.01 | to | PEN 84,000.00 |
| 17% | Income from PEN 84,000.01 | to | PEN 147,000.00 |
| 20% | Income from PEN 147,000.01 | to | PEN 189,000.00 |
| 30% | Income from PEN 189,000.01 | | and above |
Peru Non-residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable 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 2019
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 2019: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Health Insurance | 0% | 9% | 9% |
| Working Compensation | 0% | 9.72% | 9.72% |
| Pension Fund | 13% | 0% | 13% |
Peru Social Security and Payroll Deduction in 2019: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Health Insurance | n/a | n/a | n/a | n/a |
| Working Compensation | n/a | n/a | n/a | n/a |
| Pension Fund | n/a | n/a | n/a | n/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 2019
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 Rate | VAT 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.