Peru – Government Sets New Value for Tax Unit for 2014

Peru – Government Sets New Value for Tax Unit for...

Peru has modified the value of the “UIT” tax unit, which is used as a reference amount in Peruvian tax law when determining taxable income, deductions, fines, etc.

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Flash Alert 2014-010

Peru has modified the value of the “UIT”1 tax unit.  The “UIT” tax unit  is used as a reference amount in Peruvian tax law when determining taxable income, deductions, fines, etc. 


The UIT is a tax adjustment index whose value is modified annually. As noted, it is used to determine tax rates, deductions, credits, and fines.

This adjustment should be noted by payroll administrators with respect to withholdings. And for purposes of budgeting for international assignments, the adjustment should be factored into calculations.

On December 11, 2013, Peru’s Supreme Decree N° 304–2013–EF was published in the Official Gazette “El Peruano” setting the value of the UIT for the 2014 fiscal year at PEN 3,800 (previously PEN 3,700).


1  “UIT” stands for Unidad Impositiva Tributaria. 

PEN 1 = EUR 0.2612

PEN 1 -= USD 0.354

PEN 1 = COP 711.925


For further information or assistance, please contact your local KPMG professional or one of the professionals with the KPMG International member firm in Peru noted below:


Rocío Bances

Tel. +511 611 3000


Cynthia Cuba

Tel. +511 611 3000


Ana Piñeyro

Tel. +511 611 3000

The information contained in this newsletter was submitted by the KPMG International member firm in Peru.

© 2016 Grellaud y Luque, Abogados S.C.R.L., a Peru partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.

Flash Alert is an Global Mobility Services publication of KPMG LLPs Washington National Tax practice. The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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