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Peru Wealth Tax Guide

Peru does not impose a net wealth tax (Impuesto al Patrimonio). There is no annual tax on bank deposits, securities portfolios, business interests, or personal assets. The closest equivalent is the Impuesto Predial — an annual municipal property tax charged at progressive rates of 0.2% to 1% of the cadastral value. Peru has no net worth tax, no solidarity surcharge on high-net-worth individuals, and no proposed wealth tax legislation for 2026. All amounts in PEN.

Peru is among the majority of Latin American countries that do not levy a broad-based wealth tax. The tax system relies primarily on income tax (IIT and corporate), consumption tax (IGV), and property taxes (Impuesto Predial, Alcabala). For related guidance, see our Property Tax Guide →, Investment Income Guide →, and Personal Tax Guide →.

No Net Wealth Tax

  • Peru has never enacted a comprehensive net wealth tax (Impuesto al Patrimonio). There is no annual tax on total assets — no tax on bank deposits, stocks, bonds, mutual funds, jewellery, vehicles, or other personal property.
  • Unlike several other Latin American countries (Argentina, Uruguay, Colombia, Venezuela), Peru has consistently rejected proposals to introduce a wealth tax. The constitutional framework protects private property and discourages wealth-based levies.
  • Periodic policy discussions about a wealth tax have not resulted in any concrete legislative proposals for 2026. The current government's tax reform agenda focuses on improving IIT compliance and expanding the IGV base, not on introducing new wealth taxes.
  • The absence of a wealth tax makes Peru a tax-efficient jurisdiction for high-net-worth individuals, particularly those with significant financial assets. Combined with no inheritance tax and no CGT on securities, Peru offers a highly favourable environment for wealth accumulation and preservation.

Impuesto Predial — Property Holding Tax (0.2–1%)

  • The Impuesto Predial is the closest Peru has to an annual wealth-related tax. It is a municipal property tax levied on the ownership of real estate, based on the cadastral value (autovalúo) of the property.
  • Progressive rates:
    • 0.2% — on the first 15 UIT of cadastral value (PEN 0 to PEN 80,250)
    • 0.6% — on the portion from 15 UIT to 60 UIT (PEN 80,251 to PEN 321,000)
    • 1.0% — on the portion exceeding 60 UIT (above PEN 321,000)
  • Because cadastral values are typically well below market value (often 30–50% of market price), the effective tax rate on market value is usually 0.1–0.3% for most residential properties.
  • This tax applies only to real estate — it does not extend to financial assets, business interests, or other forms of wealth.

Other Property-Related Charges

  • Alcabala (transfer tax): A one-time 3% tax on the purchase price of real estate exceeding 10 UIT. This is a transaction tax, not a wealth tax. See the Property Tax Guide for details.
  • Vehicle registration tax: An annual tax on vehicle ownership based on the vehicle's value, typically 1–3% of the assessed value depending on the municipality. This is a modest holding cost, not a wealth tax.
  • ISE (Impuesto Selectivo al Consumo): An excise tax on luxury goods (vehicles over certain value, fuel, alcohol, tobacco) — a consumption tax, not a wealth tax.

International Comparison

  • Peru is among the majority of countries worldwide that do not levy a net wealth tax. In Latin America, wealth taxes exist in Argentina, Colombia, Uruguay, and (historically) Venezuela, but not in Peru, Chile, Brazil, Mexico, or most Central American nations.
  • Compared to European wealth tax countries such as Switzerland, Norway, Spain, and France (former ISF/IFI), Peru's total tax burden on wealth is minimal. The annual Impuesto Predial is typically far lower than equivalent property taxes in Europe.
  • In the Latin American context, Peru's combination of no wealth tax, no inheritance tax, and no CGT on securities makes it one of the most tax-efficient countries in the region for both domestic and foreign investors.

FAQ — Wealth Tax in Peru

Is there a net wealth tax in Peru?

No. Peru does not impose any form of net wealth tax, net worth tax, or solidarity surcharge on assets. There is no annual tax on bank deposits, investment portfolios, or other personal property.

Does Peru have a property tax?

Yes. The Impuesto Predial is an annual municipal tax on real estate ownership at progressive rates of 0.2% to 1% of the cadastral value. This is a property holding tax, not a wealth tax.

Are there any proposed wealth tax reforms for 2026?

No. As of 2026, there are no active legislative proposals to introduce a wealth tax in Peru. The tax reform agenda focuses on digital services taxation, IGV compliance, and corporate tax efficiency.

How does Peru compare to other Latin American countries regarding wealth taxes?

Peru is more favourable than Argentina, Colombia, and Uruguay (which have wealth taxes) and comparable to Chile, Brazil, and Mexico (which do not). Peru's additional advantages of no inheritance tax and no securities CGT make it particularly attractive for wealth management.

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