Peru
Vat Registration Thresholds No specific threshold; all businesses engaging in taxable activities must register for VAT.
Vat Rates Standard rate of 18% (16% VAT plus 2% municipal promotion tax).
Vat Registration Process Businesses register with the National Superintendency of Tax Administration (SUNAT). Online registration is available through the SUNAT website.
Taxable Transactions Sale of movable property, rendering and use of services, construction contracts, first sale of real property by builders, and import of goods.
Registration Exceptions No specific exemptions; all businesses conducting taxable activities are required to register.
Vat Filing Frequency VAT returns are filed monthly.
Exemption Schemes Exporters can recover VAT paid on acquisitions up to 18% of the export's FOB value. Companies in pre-production stages may access advanced VAT recovery under certain conditions.