Peru is classified by the World Bank as one of the world’s fastest-growing economies with an annual GDP growth rate of 3.9%. Greater connectivity with the rest of the world and strong government support for business growth are increasing the country’s competitiveness to foreign investors. As business booms in the country and changes the way companies operate, accounting and tax frameworks evolve as well.
Before establishing a business in Peru, many business people have doubts about how the Peruvian tax and accounting systems function, and what must be considered in order to comply with the national tax authority in Peru.
To ensure the success of your Peruvian business endeavor, it is important to stay on top of all legal and fiscal requirements and obligations. Tax preparations and filings must meet compliance dates and all legal entities in Peru must register with the Peruvian Tax Administration (SUNAT). Every Peruvian business must file an annual tax return with SUNAT in the first week of April following the end of the previous fiscal year.
Partner with Biz Latin Hub to ensure you remain in good legal standing with the local Peruvian authorities, and comply with all relevant tax and accounting regulations.
For more information about our accounting and taxation services in Peru, please get in contact with our local team.
Learn more about our accounting and legal experts, and the accounting and taxation support we can provide.