COUNTRY GUIDES / Peru

Peru tax guide for businesses

VAT Rate
18%
E-Invoicing
Mandatory
Real-Time Reporting
Mandatory
Digital Service Tax
No
Products supported
Lookup
Tax ID validation
Tax
Tax amount calculation
Invoicing
Compliant invoice generator
Reporting
Real-time transaction reporting

Compliance And Rates

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)

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

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.

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.

Invoice Requirements

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

E-Invoicing

Peru introduced mandatory e-invoicing.

Superintendency Resolution No. 239-2018 / SUNAT was published. Users of Electronic issuers categorized as major contributors or General Sales Tax withholding or collection agents the electronic issuing systems (SEE) designated by SUNAT are required to use the SEE-OSE and/or SEE-SOL starting as of:

  • From 1st of January 2019 – it is obligated to issue invoices electronically with 4 months of adaption to a new regime
  • 1st March 2019 - Electronic issuers categorized as major contributors 1st July 2019 for businesses in the financial and insurance system and savings, as well credit cooperatives that have been not authorized to collect resources from the public and are under the control of the Superintendency of Banking, Insurance and Private Administrators of Pension Funds.
  • 1st January 2020 – mandatory for all

Real-Time Invoice Reporting

Peru introduced mandatory e-invoicing.

Superintendency Resolution No. 239-2018 / SUNAT was published. Users of Electronic issuers categorized as major contributors or General Sales Tax withholding or collection agents the electronic issuing systems (SEE) designated by SUNAT are required to use the SEE-OSE and/or SEE-SOL starting as of:

  • From 1st of January 2019 – it is obligated to issue invoices electronically with 4 months of adaption to a new regime
  • 1st March 2019 - Electronic issuers categorized as major contributors 1st July 2019 for businesses in the financial and insurance system and savings, as well credit cooperatives that have been not authorized to collect resources from the public and are under the control of the Superintendency of Banking, Insurance and Private Administrators of Pension Funds.
  • 1st January 2020 – mandatory for all

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