Moving from Peru Tax Guide 2026: SUNAT Exit, AFP Pension Withdrawal & PEN Transfers

Peru's Impuesto a la Renta (Decreto Legislativo No. 774 — Ley del Impuesto a la Renta, TUO) applies to residents on worldwide income and non-residents on Peru-source income. 2026 individual income tax rates (5th Category — employment income): scale based on UIT (Unidad Impositiva Tributaria — 2026 UIT: PEN 5,350): 8% (up to 5 UIT = PEN 26,750), 14% (5–20 UIT), 17% (20–35 UIT), 20% (35–45 UIT), 30% (above 45 UIT = above PEN 240,750). Employment income: withheld at source by employer monthly. 4th Category (self-employment income): same progressive scale applies. Non-resident taxation: 30% flat withholding on all Peru-source income (dividends 9.3%, royalties 30%, interest 4.99%–30%). Tax residency: Peruvian tax residency applies if present in Peru for 183+ days in any 12-month rolling period. Loss of residency: physical departure and establishment abroad. There is no formal SUNAT residency deregistration — SUNAT continues to treat you as a resident for the year in which you depart if you met the 183-day test in that year. Final return (Declaración Jurada Anual — 5th/4th Category): due by March/April of the following year. SUNAT online filing (sunat.gob.pe) remains accessible from abroad using your RUC number.

Peru's private pension system (Sistema Privado de Pensiones — SPP — governed by Ley 25897) consists of individual AFPs (Administradoras de Fondos de Pensiones). Current AFP administrators: AFP Integra, Prima AFP, AFP Habitat, AFP Profuturo. Contributions: 10% of remunerable income to individual account + 1.74% insurance premium (disability, survival, and funeral expenses) + AFP management fee (variable by AFP, approximately 1.1–1.47%). Total employee contribution: approximately 13% of salary. Individual account ownership: your AFP account is fully individual — the balance belongs to you. AFP withdrawal on permanent departure: under Peruvian law, foreign nationals who are permanently departing Peru (and Peruvian nationals with foreign permanent residency documents) can request a total withdrawal of their AFP individual account balance. Requirements: (1) Certificate of permanent residency or nationality from the destination country (or equivalent evidence of permanent departure); (2) AFP account statement and identification. Process: submit to your AFP administrator (Integra, Prima, Habitat, or Profuturo). Processing: 15–30 working days. Amount: full accumulated balance (own contributions + employer contributions + investment returns). Tax on AFP withdrawal: subject to Impuesto a la Renta — the AFP withholds at source. Amounts received as one-off lump sums may qualify for exemptions or reduced rates — verify with AFP. ONP (Sistema Nacional de Pensiones — public pension): if you contributed to ONP rather than AFP, no lump-sum withdrawal is available. ONP provides a future vejez (old age) pension at retirement age (65) if 20+ years contributions. Contact ONP (onp.gob.pe) for your contribution record.

Peruvian real estate is accessible to foreign nationals with few restrictions. First-sale transfer tax (Impuesto de Alcabala): 3% on the sale price (above 10 UIT exemption — approximately PEN 53,500 in 2026). Paid by the buyer. Capital gains on subsequent sales: Impuesto a la Renta — real estate CGT: 5% on the net gain (capital gain tax for natural persons disposing of non-primary assets). For the habitual disposer (more than 2 transactions in a year): higher rates apply as a business activity. Non-resident sellers: 30% on gains from Peruvian real estate? No — under Ley del Impuesto a la Renta, 2nd Category income (capital gains) for non-residents on Peruvian-sourced property gains: 5% flat (verify current regulation as this has been subject to interpretation). Notary requirement: all transfers via a notaría pública (public notary) and registered at Sunarp (Registros Públicos). Annual predial (property tax — Impuesto Predial): 0.2–1% of self-assessed value, paid to municipalidad. As non-resident: retain an apoderado (power of attorney) for property management, SUNAT filings, and predial payments. Rental income as non-resident: 5% Impuesto a la Renta flat withholding on net income from Peruvian property (1st Category income). Deductible: 20% of gross rent as maintenance deduction. File annual SUNAT return for rental income.

Peru's sol (PEN — Nuevo Sol) is freely convertible with no capital controls. BCRP (Banco Central de Reserva del Perú — bcrp.gob.pe) manages a floating exchange rate. Current approximate: PEN 3.7–3.8/USD (verify at bcrp.gob.pe). International transfers: Peruvian banks (BCP, BBVA Peru, Interbank, Scotiabank Peru) provide international wire transfers. Standard AML requirements: proof of origin of funds. Large transfers: BCRP reporting obligations apply to all transactions — banks comply automatically. SBS (Superintendencia de Banca y Seguros): oversees financial institutions; AML compliance. Wise from Peru: Wise supports PEN international transfers — competitive rates for regular amounts (remittances, salary transfers). For AFP pension withdrawals: the AFP pays to your Peruvian bank account in PEN. Convert to USD at your bank and transfer internationally. SUNAT RUC: your Peruvian tax ID (RUC — Registro Único de Contribuyentes) remains active even after departure. Required for: ongoing property-related filings, AFP withdrawal, rental income declarations. SUNAT digital filing (SOL — SUNAT Operaciones en Línea): accessible from abroad — file final returns and subsequent rental income returns online. If you prefer to appoint a local representative: a poder notarial (notarised power of attorney) designating a Peruvian contador (accountant) or abogado (lawyer) is advisable for complex situations.