Taxation of international executives
Are there social security/social insurance taxes in Peru? If so, what are the rates for employers and employees?
|Type of insurance||Paid by employer||Paid by employee||Total|
Health system and pension fund contributions are Peruvian payroll-related taxes.
Pension fund: The employee can choose between the Public Pension System (ONP) and the Private Pension System (among the different pension management companies). Each of these entities applies a different rate, so the 13 percent is an average value.
Are there any gift, wealth, estate, and/or inheritance taxes in Peru?
Are there real estate taxes in Peru?
Yes. The real estate tax is applied on the value of every property (land, field, building, and so on) located within Peruvian territory. The property is appraised according to certain rules, and a bracket rate is then applied to the result.
Are there sales and/or value-added taxes in Peru?
Yes, there are two types of value-added tax in Peru: Sales General Tax and the Selective Consumption Tax.
Are there unemployment taxes in Peru?
No, there are not unemployment taxes in Peru.
Are there additional taxes in Peru that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.
As explained earlier.
Financial transactions tax is applied to every operation carried out within the financial system, at a rate of 0.005 percent for the fiscal year 2011.
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