Accounting in Peru: standards, taxes and GoSoft
Accounting guide for Peru: National Superintendency of Customs and Tax Administration (SUNAT), IGV 18 %, accounting framework, books, e-invoicing, tax returns and how to set up GoSoft.
Key facts
| Item | Detail |
|---|---|
| Tax authority | National Superintendency of Customs and Tax Administration (SUNAT) |
| Currency | PEN · sol |
| Tax ID | RUC |
| Consumption tax | IGV · 18 % |
| Income tax | Third-category income tax: 29.5 % in the general regime. |
| Fiscal year | Calendar year (January 1 to December 31). |
| E-invoicing | Electronic payment receipts (CPE) validated by SUNAT or an operator (OSE). |
Accounting framework
IFRS made official by the Accounting Standards Board (Consejo Normativo de Contabilidad).
Chart of accounts
Mandatory General Business Chart of Accounts (PCGE), classes 1 to 9 (for example 10 cash, 12 receivables, 60 purchases, 70 sales).
Financial statements
In Peru the four statements are presented with these names (GoSoft uses them in its reports and PDFs):
- Statement of financial position
- Income statement
- Statement of changes in equity
- Statement of cash flows
Mandatory books and records
Electronic books (PLE) and the Sales and Purchases Register in SIRE.
Periodic tax returns
Monthly IGV and income tax return (PDT 621 / Virtual Form 621) and annual income tax.
What you need to know
- The 18 % is made of IGV 16 % + Municipal Promotion Tax 2 %.
- Advance payment systems: detracciones (SPOT), IGV withholdings (3 %) and perceptions.
- 8 % withholding on fee receipts (fourth-category income) above a threshold.
Taxes and withholdings in GoSoft
These are the reference taxes and withholdings GoSoft loads for Peru. You adjust them in Taxes and withholdings (rate, minimum base and ledger account).
| Code | Name | Type | Applies to | Rate |
|---|---|---|---|---|
IGV18 | IGV 18% | VAT | sales and purchases | 18 % |
RET-IGV | IGV withholding (withholding agent) | VAT | payments to suppliers (withholding) | 3 % |
DETRACCION | Detraction (SPOT) · services | Other | payments to suppliers (withholding) | 12 % |
RET-4TA | Fourth-category income withholding | Income | payments to suppliers (withholding) | 8 % |
How to set up GoSoft for Peru
In My company, choose the country Peru and the currency PEN.
When you log in again, GoSoft shows Updating the accounting setup for Peru: it codes the chart of accounts, loads the country's taxes and checks the settings. It happens only once.
In Chart of accounts → Options, review the coding and download the chart as a PDF for your accountant to approve.
In Financial reports → Taxes and withholdings, confirm the rates and choose the ledger account for each tax.
Record activity (manually or from the modules) and use Tax returns to prepare each period's drafts.
Rates and deadlines change. Before filing, confirm what is current at National Superintendency of Customs and Tax Administration (SUNAT) and with your accountant.