VAT Number Format In Peru

Peruvian VAT number format is an 11-digit taxpayer identification number (RUC) used in all communications with the Tax and Customs Administration. (e.g., 12345678901)

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VAT Rates In Peru

The standard VAT rate in Peru is 18%. It is calculated as a standard 16% VAT + 2% of a municipal tax

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VAT Payments And Returns In Peru

All businesses with Peruvian VAT number must submit monthly VAT reports and payments.

VAT Returns Frequency In Peru

For all companies that operate in Peru, VAT returns must be submitted on an annual or monthly basis.

• Monthly – between the 7th and 16th working day of the following month. It can be done by online Form 119 or in person at an authorized bank.
• Annually – large taxpayers must file annual supplementary declarations on taxable transactions. Locally known as Declaración Annual de Operaciones con Terceros.

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Penalties in case of late filings or misdeclarations

For failure to register or late registration and late filings of VAT, there is a penalty of around 1400 USD in local currency.

Tax fine equivalent to 50% of the omitted VAT plus 1.2% monthly interest.

Invoices issued in Peru must contain the following information:

• Supplier data (Company name, address, RUC/VAT number)
• customer data (Company name, address, RUC/VAT number)
• the word invoice “Factura” on the invoice
• the tax number of the invoice printer
• full description of goods and/or services provided
• Invoice date
• Total amount
• Total VAT amount
• Total gross value

Peru is gradually introducing electronic invoicing. Electronic invoicing is currently mandatory only for some taxpayers designated as electronic issuers through a Superintendency Resolution issued by SUNAT. However, the plan is to include all taxpayers in the next few years.

Generally, electronic tax documents in Peru can be issued in three ways:

1. Through the free portal provided by the SUNAT Online Operations (SUNAT Operaciones en Linea - SOL) for manual submission of invoices
2. Using invoicing software that is directly integrated with SUNAT for both manual and automated issuance of invoices
3. Using SUNAT’s mobile application
   

Governmental body responsible for e-invoicing in Peru:

• ‍Superintendencia Nacional de Aduanas y de Administración Tributaria - SUNAT

In order to issue electronic documents, like invoices, receipts, and credit notes, the taxpayer must build or purchase the invoicing solution capable of reporting sales transactions in real time. Every invoicing solution must meet the SUNAT’s requirements and pass the test. In that test, SUNAT will perform various tests and assess whether the solution correctly handles the creation, issuance, and reporting of electronic documents. If it meets the SUNAT’s expectations, the taxpayer will get the authorization to use the solution.

What does the e-invoicing process in Peru look like?

1. The selling party generates an XML document with all required information to issue an electronic invoice and sends it to the National Customs and Tax Administration (SUNAT) for authorization. The seller’s electronic signature, i.e., a digital certificate that guarantees the data’s authenticity, must be included in the message.
2. SUNAT validates the content of the XML document, authorizes the transaction, and issues a receipt certificate (CDR - Constancia de Recepción), which represents the result of the validation, i.e. whether the invoice is accepted or rejected.
3. Once SUNAT approves the transaction, the selling party is allowed to issue an invoice, in a printed or electronic format, following the invoicing rules prescribed by the Peruvian tax authorities.

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Date updated [May 12, 2021]

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