This article provides a detailed overview of the corporate tax system in Peru for 2025, focusing on statutory tax rates, applicable surtaxes, and other key features of the regime that are most relevant to companies and business owners.
Key Features of Peru’s Corporate Tax System in 2025
Peru applies a flat corporate income tax to companies based on their global profits. Below, you’ll find consolidated data and explanations related to the main elements of Peru’s corporate taxation for the current year.
Corporate Tax Rates and Assessment
| Assessment Basis | Tax Rate (PEN, %) | Type | Currency |
|---|---|---|---|
| Corporate | 29.5% | Flat | PEN (Peruvian Nuevo Sol) |
The standard corporate income tax rate in Peru is 29.5% for 2025. This flat rate applies to both resident and non-resident companies on Peru-source income. There are no progressive brackets for corporate income taxation; instead, all taxable income is assessed at the single, flat rate.
Surtaxes and Additional Tax Rates
| Condition | Surtax Rate (PEN, %) |
|---|---|
| Dividends and any profit distributions to non-resident entities and resident individuals | 5% |
| Gross Peruvian-source income of non-resident companies | 30% |
In addition to the flat 29.5% tax rate, companies and stakeholders should be aware of the following surtaxes:
- 5% withholding tax on dividends and other profit distributions paid to non-resident entities and resident individuals.
- 30% withholding tax on gross Peruvian-source income earned by non-resident companies.
It is important to factor in these withholding taxes, particularly for companies with foreign shareholders or operations involving non-resident entities.
Other Aspects
- Currency: Corporate tax is assessed and paid in Peruvian Nuevo Sol (PEN).
- Holding Periods: There are no specific minimum or maximum holding periods directly affecting the calculation of the standard corporate tax or the mentioned surtaxes. Current data for holding period requirements is not publicly available.
Summary Table: Main Corporate Tax Rates for 2025
| Tax/Withholding Type | Rate (PEN, %) | Who Pays |
|---|---|---|
| Standard Corporate Tax | 29.5% | Resident and non-resident companies (on Peru-source income) |
| Dividend Surtax | 5% | Non-resident entities, resident individuals (withheld) |
| Non-resident Company Withholding | 30% | Non-resident companies (gross Peru-source income) |
Pro Tips for Managing Corporate Tax in Peru
- Plan Dividend Distributions Carefully: Given the 5% withholding tax on dividends and profit distributions, evaluate timing and recipient residency to optimize after-tax returns.
- Assess Cross-border Structures: When dealing with non-resident companies or shareholders, be mindful that Peru imposes a 30% withholding tax on gross Peru-source income for non-residents, which can significantly impact repatriation of profits.
- Maintain Accurate Documentation: Robust accounting of Peru-source and foreign-source income is essential for compliance, especially if your group includes resident and non-resident entities.
- Use Consistent Currency Conversions: All filings use PEN, but if operating in USD or other currencies, maintain consistent exchange records to simplify reconciliations and avoid miscalculations.
Further Resources
For the latest official updates and more comprehensive guidance, visit the SUNAT (Superintendencia Nacional de Aduanas y de Administración Tributaria) website.
In summary, Peru’s corporate tax system in 2025 applies a flat 29.5% rate to company profits, with additional withholding taxes of 5% on dividends to non-residents and resident individuals, and 30% on income paid to non-resident companies. There are no progressive tax brackets or disclosed holding periods impacting corporate taxation. As always, accurate record-keeping and strategic planning can make a measurable difference in your corporate tax obligations in Peru.