Last Update by Katie, 12 Jun 2024

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Exchange Rate

13 Jun 2024


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



Minimum Wages

  • 1,025 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)
Fresh Graduate
5 Years
Experienced & Managerial Level
10 Years
Specialized & Senior-Level
15 Years

Annual Salary Growth


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
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


  • 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
5 – 20 UIT
25750 - 102999
20- 35 UIT
103000 - 180249
35- 45 UIT
180250 - 231749
45 UIT


  • Flat rate of 30% non-resident's gross income taxed on Peruvian sources

Working Hours


48 hours
8 hours a day, 6 days a week

Typical practice

48 hours
Monday - Saturday


  • First 2 hours: 1.25 times the regular hourly rate
  • Remaining overtime hours: 1.35 times the regular hourly rate

Employment Contract


For temporary projects or assignments, seasonal work, replacement for absent staff

Contract Format

In writing


Not applied to fixed-term contracts

Contract Period

5 years including renewals, registration of the contract with Peruvian Labor Ministry is required.


  • Voluntary Termination
    - 30 days' written notice
  • Notice after probation:
    - Misconduct: 6 days
    - All other reasons: 30 days
  • Severance:
    - At fault termination: None due
    - Dismissal without cause: 12 month's pay

Public Holiday

14 days

Country Level

Date Name
01 Jan New Year's Day
28 Mar Maundy Thursday
29 Mar Good Friday
01 May Labor Day
29 Jun Feast of Saints Peter and Paul
28 Jul - 29 Jul Independence Day
30 Aug Santa Rosa de Lima
08 Oct Battle of Angamos
01 Nov All Saints' Day
08 Dec Feast of the Immaculate Conception
25 Dec Christmas Day


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
All staff with sick family members
Maternity Leave 98 working days in total
49 days before birth, 49 days after
Female staff for natural births or adoption
Paternity Leave 10 Consecutive calendar days - natural births
20 Consecutive calendar days - premature births and multiple deliveries
30 Consecutive calendar days - complications with Births
Fathers of biological or adopted children are entitled to the same.
Bereavement Leave 3 working days All staff in case of the death of a spouse, child, parent, sibling, or legal guardian.
Adoption Leave 30 calendar days All staff adopting a child under 12 years old


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