Overview

Capital
Lima
Currency
Peruvian Sol
Date Format
dd/mm/yyyy

calendar icon Public holidays calendar

Taxes

Employer
9% - Health Insurance
Employee
13% - Pension Fund
0-19,750 PEN - 8%
19,751 - 79,000 PEN - 14%
79,001 - 138,250 PEN - 17%
138,251 - 177,750 PEN - 20%
+177,751 PEN - 30%

Minimum Wage

General

Minimum wage is 850 PEN per month

Payroll

Payroll Tax

There is no payroll tax in Peru.

Payroll Contributions

Social Security
Employee: Pension Contribution: 13%
Pension Fund
Health Insurance

Employer: Health Insurance: 9%

Leave

Public Holidays

There are 11 public holidays. Employers are not obligated

Termination

Termination Process

Written notice must be provided with at least 6 days notice.

Notice Period

Employees must provide 30 days written notice.

Severance Pay

Severance payments are only required for unjust dismissal. In such cases, employees are entitled to 0.5 monthly salary per year employed (up to 12 payments) in addition to 1.5 times monthly salary.

VAT

General

VAT is 18% standard rate.