- Country Guide
- Peru
Peru
Last Update by Cecilia, 06 Jan 2025
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Exchange Rate
17 Feb 2025
Cost of Living
Indicative value for a working adult in a city: Lima Peru
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
Living Requirement | Indicative Amount (PEN) |
---|---|
McDonalds Set Meal | 23 |
Monthly Train and Bus Tickets | 78 |
3 Bedrooms Rental (City Center) | 3,737 |
3 Bedrooms Rental (Outskirt) | 2,611 |
Current Inflation Rate
3.02%
Wage
Minimum Wages
- - 1,130 PEN per month
- For night workers: 1,525.5 PEN per month
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
Job Level | Monthly Salary (PEN) |
---|---|
Entry-Level
Fresh Graduate
|
3120 |
Mid-Level
5 Years
|
6420 |
Experienced & Managerial Level
10 Years
|
7200 |
Specialized & Senior-Level
15 Years
|
9810 |
Annual Salary Growth
6%
Statutory Contribution
Employees choose either the National Pension System or the Private Pension System
Country Level
Type | Employer Rates | Employee Rates | Notes |
---|---|---|---|
National (SNP) and Private Pension System (SPP) |
13%- National Pension System (ONP) 12.4%- Private Pension System (AFP) (10% individual account + 2.4% insurance/ fund management) |
13% | All staff |
National Health Insurance (ESSALUD) and Private Health (EPS) |
9% - All companies 6% - Agricultural companies |
6.75% ESSALUD 2.25% EPS |
All staff in ESSALUD or EPS |
Family Allowance | 10% of minimum wage | - | Only staff with children |
Mandatory Severance (CTS) |
10% of monthly salary withheld Deposits made in May and November each year |
- | All staff |
13th and 14th Month Salary (Mandatory) |
1 month salary Paid in July and December |
- | All staff with 1 month service 30th June and 30th November |
Other Benefit
Other common employment benefits in Peru include:
- Transportation Passes: Up to 100 PEN, cost per trip: 1.50 PEN
- Phone Allowance: Around 40 PEN per month
Income Tax
Residents
-
Tax period: Based on the company's fiscal year
Filing Due Date: 11sdt week of April - The Peruvian tax unit (UIT) determines tax rates and deductions. As of 2024 one tax unit is 5,150 PEN
Country Level
Taxable Income | Rate |
---|---|
Up to 0-5 UIT 0-25749 |
0% |
5 – 20 UIT 25750 - 102999 |
8% |
20- 35 UIT 103000 - 180249 |
14% |
35- 45 UIT 180250 - 231749 |
17% |
45 UIT 231750+ |
30% |
Non-residents
- Flat rate of 30% non-resident's gross income taxed on Peruvian sources
Working Hours
Statutory
48 hours
8 hours a day, 6 days a week
Typical practice
48 hours
Monday - Saturday
Overtime
- First 2 hours: 1.25 times the regular hourly rate
- Remaining overtime hours: 1.35 times the regular hourly rate
Employment Contract
Fixed-term
For temporary projects or assignments, seasonal work, replacement for absent staff
Contract Format
In writing, in Spanish
Payroll Currency
PEN, USD accepted
Probation
Not applied to fixed-term contracts
Contract Period
5 years including renewals, registration of the contract with Peruvian Labor Ministry is required
Termination
-
Notice during probation:
- No statutory requirement -
Voluntary resignation
- 30 days' written notice -
Involuntary termination:
- Misconduct: 6 days
- All other reasons: 30 days -
Severance:
- At fault termination: None due
- Dismissal without cause: 1.5 times regular salary for each remaining month of the contract, capped at 12 month's pay
Public Holiday
14 days
Country Level
Date | Name |
---|---|
01 Jan | New Year's Day |
17 Apr | Maundy Thursday |
18 Apr | Good Friday |
01 May | Labor Day |
07 Jun | Flag day |
29 Jun | St Peter and St Paul |
28 Jul - 29 Jul | Independence Day |
06 Aug | Battle of Junin |
30 Aug | Santa Rosa De Lima |
08 Oct | Battle of Angamos |
01 Nov - 02 Nov | All Saint's Day |
08 Dec | Feast of the Immaculate Conception |
09 Dec | Battle of Ayacucho |
25 Dec | Christmas Day |
Leave
Leave Type | Entitlement | Notes |
---|---|---|
Annual Leave | 30 calendar days | All staff with1 year service with the same employer |
Sick Leave for staff and Family |
Up to 11 months - for staff 7 calendar days |
All staff and their sick family members |
Maternity Leave |
98 working days 49 days before birth, 49 days after |
All expectant mothers for natural births or adoptions |
Paternity Leave |
10 Consecutive calendar days - natural births 20 Consecutive calendar days - premature births and multiple deliveries 30 Consecutive calendar days - complications with births |
All expectant fathers of biological or adopted children |
Adoption Leave | 30 calendar days | All staff adopting a child under 12 years old |
Bereavement Leave | 3 working days | All staff for death of a spouse, child, parent, sibling, or legal guardian |
Reference
- https://www.numbeo.com/cost-of-living/country_result.jsp?country=Peru
- https://worldsalaries.com/average-business-administrator-salary-in-lima/peru/#:~:text=So%20for%20this,20%20)%20%C3%97%2012%20%20%3D%206%25
- https://www.gob.pe/435-valor-de-la-uit
- https://www.gob.pe/218-seguro-regular-essalud-seguro-aportes
- https://www.gob.pe/516-elegir-sistema-de-pensiones-sistema-nacional-de-pensiones-snp
- https://www.gob.pe/517-elegir-sistema-de-pensiones-sistema-privado-de-pensiones-spp
- https://www.gob.pe/mtpe
- https://www.gob.pe/33870-consultar-si-estas-afiliado-a-la-snp
- https://www.sunat.gob.pe/institucional/quienessomos/index.html
- https://taxsummaries.pwc.com/peru/individual/taxes-on-personal-income
- https://www.gob.pe/476-valor-remuneracion-minima-vital-sueldo-minimo
- https://emprender.sunat.gob.pe/tributando/mis-obligaciones-laborales/obligaciones-con-mis-trabajadores
- https://www.gob.pe/institucion/mtpe/tema/derechos-y-obligaciones-laborales
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Contact UsCountry Guide - Peru
Last updated: 06 Jan 2025
Exchange Rate
Currency (PEN)
- 1 CNY = 0.185 PEN
- 1 USD = 1.32 PEN
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Lima Peru
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
Living Requirement | Indicative Amount (PEN) |
---|---|
McDonalds Set Meal | 23 |
Monthly Train and Bus Tickets | 78 |
3 Bedrooms Rental (City Center) | 3,737 |
3 Bedrooms Rental (Outskirt) | 2,611 |
Current Inflation Rate
3.02%
Wage
Minimum Wages
- - 1,130 PEN per month
- For night workers: 1,525.5 PEN per month
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
Job Level | Monthly Salary (PEN) |
---|---|
Entry-Level
Fresh Graduate
|
3120 |
Mid-Level
5 Years
|
6420 |
Experienced & Managerial Level
10 Years
|
7200 |
Specialized & Senior-Level
15 Years
|
9810 |
Annual Salary Growth
6%
Statutory Contribution
Employees choose either the National Pension System or the Private Pension System
Country Level
Type | Employer Rates | Employee Rates | Notes |
---|---|---|---|
National (SNP) and Private Pension System (SPP) |
13%- National Pension System (ONP) 12.4%- Private Pension System (AFP) (10% individual account + 2.4% insurance/ fund management) |
13% | All staff |
National Health Insurance (ESSALUD) and Private Health (EPS) |
9% - All companies 6% - Agricultural companies |
6.75% ESSALUD 2.25% EPS |
All staff in ESSALUD or EPS |
Family Allowance | 10% of minimum wage | - | Only staff with children |
Mandatory Severance (CTS) |
10% of monthly salary withheld Deposits made in May and November each year |
- | All staff |
13th and 14th Month Salary (Mandatory) |
1 month salary Paid in July and December |
- | All staff with 1 month service 30th June and 30th November |
Other Benefit
Other common employment benefits in Peru include:
- Transportation Passes: Up to 100 PEN, cost per trip: 1.50 PEN
- Phone Allowance: Around 40 PEN per month
Income Tax
Residents
-
Tax period: Based on the company's fiscal year
Filing Due Date: 11sdt week of April - The Peruvian tax unit (UIT) determines tax rates and deductions. As of 2024 one tax unit is 5,150 PEN
Country Level
Taxable Income | Rate |
---|---|
Up to 0-5 UIT 0-25749 |
0% |
5 – 20 UIT 25750 - 102999 |
8% |
20- 35 UIT 103000 - 180249 |
14% |
35- 45 UIT 180250 - 231749 |
17% |
45 UIT 231750+ |
30% |
Non-residents
- Flat rate of 30% non-resident's gross income taxed on Peruvian sources
Working Hours
Statutory
48 hours
8 hours a day, 6 days a week
Typical practice
48 hours
Monday - Saturday
Overtime
- First 2 hours: 1.25 times the regular hourly rate
- Remaining overtime hours: 1.35 times the regular hourly rate
Employment Contract
Permanent
Probation
General staff: up to 3 months
Skilled workers: Up to 6 months
Managerial positions: Up to 1 year
Termination
-
Notice during probation:
- No statutory requirement -
Voluntary Resignation:
- 30 days' written notice -
Involuntary Termination:
- Misconduct: 6 days
- All other reasons: 30 days -
Severance:
- Dismissal without cause: 1.5 times normal salary for each year of service, capped at 12 month's pay
- Mandatory Severance CTS calculation CTS formula = (Monthly salary + 1/6 of the bonus) / 360 x working days
Fixed-term
For temporary projects or assignments, seasonal work, replacement for absent staff
Probation
Not applied to fixed-term contracts
Termination
-
Notice during probation:
- No statutory requirement -
Voluntary resignation
- 30 days' written notice -
Involuntary termination:
- Misconduct: 6 days
- All other reasons: 30 days -
Severance:
- At fault termination: None due
- Dismissal without cause: 1.5 times regular salary for each remaining month of the contract, capped at 12 month's pay
Public Holiday
14 days
2025
Date | Name |
---|---|
Leave
Leave Type | Entitlement | Notes |
---|---|---|
Annual Leave | 30 calendar days | All staff with1 year service with the same employer |
Sick Leave for staff and Family |
Up to 11 months - for staff 7 calendar days |
All staff and their sick family members |
Maternity Leave |
98 working days 49 days before birth, 49 days after |
All expectant mothers for natural births or adoptions |
Paternity Leave |
10 Consecutive calendar days - natural births 20 Consecutive calendar days - premature births and multiple deliveries 30 Consecutive calendar days - complications with births |
All expectant fathers of biological or adopted children |
Adoption Leave | 30 calendar days | All staff adopting a child under 12 years old |
Bereavement Leave | 3 working days | All staff for death of a spouse, child, parent, sibling, or legal guardian |
Reference
- https://www.numbeo.com/cost-of-living/country_result.jsp?country=Peru
- https://worldsalaries.com/average-business-administrator-salary-in-lima/peru/#:~:text=So%20for%20this,20%20)%20%C3%97%2012%20%20%3D%206%25
- https://www.gob.pe/435-valor-de-la-uit
- https://www.gob.pe/218-seguro-regular-essalud-seguro-aportes
- https://www.gob.pe/516-elegir-sistema-de-pensiones-sistema-nacional-de-pensiones-snp
- https://www.gob.pe/517-elegir-sistema-de-pensiones-sistema-privado-de-pensiones-spp
- https://www.gob.pe/mtpe
- https://www.gob.pe/33870-consultar-si-estas-afiliado-a-la-snp
- https://www.sunat.gob.pe/institucional/quienessomos/index.html
- https://taxsummaries.pwc.com/peru/individual/taxes-on-personal-income
- https://www.gob.pe/476-valor-remuneracion-minima-vital-sueldo-minimo
- https://emprender.sunat.gob.pe/tributando/mis-obligaciones-laborales/obligaciones-con-mis-trabajadores
- https://www.gob.pe/institucion/mtpe/tema/derechos-y-obligaciones-laborales
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000