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Official languages

ISO 4217


Spanish and Quechua

32,971,854 (as of July 2020)

Nuevo Sol


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"Peru has seen a steady growth in its economy over the past few years. According to the World Bank, Peru's GDP grew by 4.2% in 2019, making it one of the fastest growing economies in Latin America. The country's inflation rate has also been relatively low, averaging 2.3% in 2019. Peru's unemployment rate has also been decreasing, dropping from 6.7% in 2018 to 5.9% in 2019.

Peru has also seen an increase in foreign direct investment (FDI). In 2019, FDI inflows to Peru totaled $9.2 billion, a 5.3% increase from 2018. This increase was largely driven by investments in the mining and energy sectors.

Overall, Peru has seen positive economic growth in recent years, with a strong GDP growth rate, low inflation, and decreasing unemployment. The country has also seen an increase in FDI, which is likely to continue in the coming years."


In Peru, both individuals and corporations are subject to taxes. The tax system in Peru is overseen by the National Superintendency of Tax Administration (SUNAT).

For individuals, the personal income tax system is progressive, meaning that the tax rate increases as income increases. As of 2021, the tax rates range from 8% to 30%, depending on income level. There are also additional taxes on certain types of income, such as capital gains and dividends.

For corporations, the corporate income tax rate is a flat 29.5%, and there are also taxes on dividends, interest, and capital gains. Additionally, there are other taxes that corporations may be subject to, such as value-added tax (VAT) and municipal taxes.

Taxpayers in Peru are required to file tax returns and pay their taxes on a regular basis. The tax year in Peru runs from January 1 to December 31. Individuals and corporations must file their tax returns by the end of March for the previous year's income.

Tax payments can be made online or in person at authorized banks or SUNAT offices. Taxpayers must keep detailed records of their income and expenses to support their tax returns, as the SUNAT may conduct audits to verify the accuracy of tax returns.

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