Peru Customs Goods Import and Export Taxes
[Overview]
Whether individuals or business entities are engaged in the import of goods in Peru, they must pay import duties and other taxes. All import duties and taxes are calculated based on the freight value, that is, the cost, insurance and freight (CIF). At the same time, imported goods are also subject to sales tax, surcharges, consumption tax, local taxes and customs surcharges.
[Tariffs]
Peruvian tariff rates range from 0% to 11%, with an average rate of 5.78%. Certain goods are exempt from tariffs, such as books, laptops and other electronic products.
[VAT]
VAT = standard VAT rate of 16% × (CIF price + tariff + consumption tax + customs surcharge).
[Tax threshold]
Imported goods are exempt from taxes if they are delivered by express mail and the value of the goods (FOB) does not exceed US$200. Note: The threshold for imported goods by mail is different. This tax calculation only applies to imported goods delivered by express mail.
[Other]
Surcharge: For imported goods, a tax rate between 0% and 5% is levied on the basis of the CIF price and the total tariff. Consumption tax: For certain goods, a tax rate between 0% and 50% is levied on the basis of the CIF price and the total tariff. Tariff surcharge: For imported goods, taxes and fees at different rates are levied on the basis of the total CIF price, tariff, and consumption tax. Municipal tax: For imported goods, a municipal tax rate between 0% and 2% is levied on the basis of the total CIF price, tariff, consumption tax, and applicable tariff surcharge.
