Grow Your Workforce in Peru

Income Tax in Peru

Peru has a progressive income tax with rates between 8% to 30%.

Social Security in Peru

In Peru, both employers and employees are required to make contributions to social security, which primarily covers health insurance and pension funds:

Employee Contributions

• Health Insurance: Employees do not make direct contributions to health insurance (EsSalud) as this is covered solely by the employer.
• Pension Fund: Employees contribute between 12.5% to 13% of their gross salary to either the National Pension System (SNP) or the Private Pension System (SPP), depending on their affiliation.
• Service Time Contribution (CTS): Employees do not contribute directly to the CTS, as this is an employer-funded benefit.

Employer Contributions

• Health Insurance (EsSalud): Employers contribute 9% of the employee's gross salary to the national health insurance system, which covers medical expenses and treatments.
• Pension Fund: Employers contribute 13% of the employee's gross salary to the National Pension System (SNP) or between 10% to 12.5% to the Private Pension System (SPP), depending on the chosen system.
• Service Time Contribution (CTS): Employers contribute approximately 9.72% of the employee's gross salary to the CTS, which acts as a severance provision for employees.

Work Visas in Peru

Here are the main work visas available in Peru:

Temporary Worker Visa (Visa Temporal de Trabajador)

• This visa is issued to foreigners who will be working temporarily in Peru.
• It's often granted for specific assignments or contracts with a Peruvian company.
• The visa is typically valid for 183 days but can be renewed.

Resident Worker Visa (Visa de Trabajador Residente)

• For those who plan to work in Peru for a longer term, the Resident Worker Visa is more suitable.
• It is issued to foreigners with an employment contract with a Peruvian company.
• The visa is valid for one year and can be renewed annually. It also allows the holder to apply for residency.
• The employer in Peru must sponsor the visa and show that the foreign worker fills a specific need that cannot be met by a Peruvian worker.

Independent Worker Visa (Visa de Trabajador Independiente)

• Issued to self-employed professionals or independent contractors.
• Applicants need to prove their professional qualifications and show that they can work in their field independently in Peru.
• The visa is valid for one year, renewable, and can lead to residency.