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Peru IGV Guide (Impuesto General a las Ventas)

Peru's value-added tax, known as IGV (Impuesto General a las Ventas), is levied at a combined rate of 18% (16% national IGV + 2% IPM municipal promotion tax). Exports are zero-rated, certain services are exempt, and businesses above the registration threshold must file electronically via SUNAT. Electronic invoicing (Factura Electrónica / CFD) is mandatory for most taxpayers. All amounts in PEN.

Peru's IGV (Impuesto General a las Ventas) is a broad-based consumption tax administered by SUNAT. The total 18% rate comprises 16% national IGV and 2% IPM (Impuesto de Promoción Municipal). For related guidance, see our Corporate Tax Guide → and Personal Tax Guide →.

IGV Rates (2026)

  • Standard rate — 18%: Composed of 16% IGV (national VAT) plus 2% IPM (Impuesto de Promoción Municipal). Applies to the sale of goods, provision of services, construction contracts, and imports within Peru.
  • Zero-rated (0%): Exports of goods and services are subject to 0% IGV, allowing full input VAT recovery. This includes traditional merchandise exports, service exports (consulting, IT, engineering to foreign clients), and international transport.
  • Exempt transactions: Certain goods and services are exempt from IGV and do not generate input VAT credits. These include: basic food staples (bread, milk, eggs, rice), passenger transport within Peru, educational services, medical services, insurance premiums, financial services (loans, deposits), and books/newspapers.
  • Special regimes: Small businesses in the RUS (Régimen Único Simplificado) pay a fixed monthly fee that includes IGV rather than the standard 18% rate.

Registration Threshold

  • Businesses with annual revenue exceeding PEN 96,000 (approximately 18 UIT) must register for IGV and obtain an RUC (Registro Único de Contribuyentes) from SUNAT.
  • Businesses below this threshold may register under the RUS (Régimen Único Simplificado) and pay a fixed monthly fee instead of filing regular IGV returns, provided they meet eligibility criteria.
  • Foreign companies providing digital services (streaming, SaaS, e-commerce) to Peruvian consumers must register for IGV and charge 18% regardless of revenue thresholds.

SUNAT E-Filing and Compliance

  • Monthly returns: IGV returns (Form 621 — PDT IGV Renta Mensual) must be filed monthly by the 12th day of the following month, depending on the taxpayer's RUC number digit.
  • Input VAT credit: Registered businesses can credit IGV paid on purchases (input VAT) against IGV charged on sales (output VAT). Excess credits carry forward or are refundable for exporters.
  • Tax credit period: Input VAT credits must be claimed within 3 months of the invoice date (special rules for capital goods allow up to 12 months).
  • Penalties: Late filing penalties range from 0.3% to 5% of the tax due per month late. Late payment accrues interest at approximately 1.2% per month.

Electronic Invoicing (Factura Electrónica / CFD)

  • Peru mandates electronic invoicing (Comprobante de Pago Electrónico / CFD) for all taxpayers registered in the IGV system. SUNAT's platform (Sistema de Emisión Electrónica) generates digitally signed XML invoices.
  • Types of electronic documents: Factura (invoice), Boleta de Venta (sales receipt for consumers), Nota de Crédito/Débito, and Guía de Remisión (dispatch guide).
  • Each electronic invoice includes a unique CPE code and is transmitted to SUNAT in real time. Taxpayers must use SUNAT-approved software or SUNAT's free web portal (SEE - Sistema de Emisión Electrónica).
  • Electronic invoicing streamlines IGV compliance and provides buyers with real-time access to their purchase register via SUNAT Online.

Special VAT Regimes

  • Régimen MYPE Tributario (RMT): Small businesses with revenue up to 1,700 UIT may use a simplified IGV regime. IGV at 18% applies normally, but filing is simplified and annual income tax rates are reduced (10% on first 15 UIT of profit).
  • Régimen Especial de Renta (RER): For businesses with revenue up to 525 UIT and limited to certain activities. IGV at 18% applies, but the income tax rate is reduced to 2.5% of net revenue.
  • ISE (Impuesto Selectivo al Consumo): A selective excise tax on specific goods such as fuel, alcohol, tobacco, and luxury vehicles, applied on top of IGV at rates ranging from 10% to 50%.