Peru Corporate Tax Guide (Impuesto a la Renta Empresarial)

Peru's corporate income tax (Impuesto a la Renta Empresarial) applies a standard rate of 29.5% for 2026. Microenterprises under the Régimen MYPE Tributario pay 10% on the first 15 UIT of profit. Small businesses under RUS pay 1.5% on gross revenue. Dividends repatriated to shareholders are subject to 5% withholding tax. All amounts in PEN.

Peru's Impuesto a la Renta de Tercera Categoría is administered by SUNAT. Companies may choose among three tax regimes depending on size and revenue. For related guidance, see our IGV Guide →, Personal Tax Guide →, and Investment Income Guide →.

Standard Corporate Tax Rate — 29.5% (2026)

General regime: The standard corporate income tax rate is 29.5% on taxable profits for 2026. This applies to all companies under the General Regime (Régimen General) regardless of size, with no reduced rate for retained vs. distributed profits.
Rate history: The rate has declined gradually from 30% (2015–2020) to 29.5% as of 2026. Further reductions to 28% have been discussed but not enacted for 2026.
Branch taxation: Foreign branches operating in Peru are taxed at the same 29.5% rate on Peruvian-source income. Remittances of branch profits to head office are subject to an additional 5% withholding tax (same as dividend WHT).

Régimen MYPE Tributario (RMT) — 10% on First 15 UIT

Micro and small enterprises (MYPE) with annual revenue up to 1,700 UIT (approximately PEN 9,095,000) may opt for the RMT regime.
Taxable income up to 15 UIT (PEN 80,250) is taxed at 10%. Any excess above 15 UIT is taxed at the general rate of 29.5%.
The RMT simplifies compliance — fewer bookkeeping requirements and simplified annual returns compared to the General Regime, while maintaining access to input IGV credits.
Once revenue exceeds 1,700 UIT the taxpayer must move to the General Regime.

RUS (Régimen Único Simplificado) — 1.5% on Gross Revenue

The RUS is the simplest regime for small sole proprietors and micro-businesses with annual revenue up to PEN 96,000.
Taxpayers pay a fixed monthly fee that replaces both IGV and income tax. The fee is calculated based on gross monthly revenue and ranges from approximately PEN 25 to PEN 1,500 per month.
Alternatively, businesses in certain categories may pay 1.5% of gross revenue as a combined income tax and IGV payment.
RUS taxpayers do not issue electronic invoices or file monthly IGV returns. They receive a single annual receipt from SUNAT.
The RUS is designed for small retail, services, and artisan businesses. Certain professions (lawyers, accountants, doctors) are excluded from RUS.

Dividend Withholding Tax — 5% on Repatriation

Resident shareholders: Dividends distributed by a Peruvian company to resident individual shareholders are subject to 5% withholding tax (Impuesto a la Renta por Dividendos). This is a final tax — the shareholder does not include the dividend in their annual IIT return.
Non-resident shareholders: Dividends paid to non-resident individuals or foreign companies are also subject to 5% withholding, which is generally the final tax in Peru. Tax treaties may reduce this rate further (e.g., 5% under the Andean Community decision or bilateral treaties).
The WHT applies to all profit distributions, including interim dividends, capital reductions treated as dividends, and profit distributions upon liquidation.

Loss Carryforward and Other Rules

Loss carryforward: Net operating losses can be carried forward for up to 4 years (for losses incurred from 2025 onwards). Previously, losses could be carried forward for 4 years in the general regime and 3 years in RMT.
Alternative: Taxpayers may opt to carry forward losses for up to 10 years with annual indexation (adjusting the loss for inflation) instead of the 4-year simple carryforward. Once chosen, the method is irrevocable.
Thin capitalisation: Interest deductions are limited to 30% of EBITDA (tax EBITDA) for related-party debt. Excess interest may be carried forward for up to 4 years.
Transfer pricing: Peru has comprehensive transfer pricing rules aligned with OECD guidelines. Transactions with related parties must be documented and filed annually.

Filing and Payment

Fiscal year: The tax year is the calendar year (1 January to 31 December).
Annual return: The annual corporate income tax return (Declaración Anual — Form 710) is due by 31 March of the following year.
Monthly instalments: Companies pay monthly advance income tax payments (Pagos a Cuenta) based on either the previous year's tax (coefficient method) or 1.5% of net monthly revenue, whichever is higher.
Withholdings: Companies must withhold income tax on payments to third-party service providers. Non-resident withholding rates vary (15–30% depending on the type of income).