Taxation in Peru

Taxation represents the biggest source of revenues for the Peruvian government (up to 76%). For 2016, the projected amount of taxation revenues was S/.94.6 billion ($29 billion). There are four taxes that make up approximately 90 percent of the taxation revenues:

• the income tax (both corporate and personal),
• the value-added tax (VAT),
• the import tax,
• the excise tax.^[1]

All these four types of taxes are imposed at the national level. There are also municipal taxes based on an individual's or household's residence as well as a municipal property tax and a municipal vehicle tax.