UIT 2025: Everything payroll workers need to know about their taxes
The start of a new year always brings tax adjustments, and the increase in the Tax Unit (UIT) is one of the most anticipated. For 2025, the government has established that the new UIT will be S/ 5,350, an increase from S/ 5,150 in 2024. This increase will directly impact Income Tax (IR) calculations and […]
What are deductible expenses and how do they work?
When filing your annual income tax return, you can consider your deductible expenses to reduce your taxable income. However, do you know what your business’s deductible expenses are? It’s important to understand what acquisitions (purchases) entail, since not everything you buy or spend for your business can reduce the tax you owe. Receiving accounting and […]
How to set up a company as a foreigner in Peru
In different parts of the city, we see various accounting firms offering company formation services. However, is starting a company the same if you’re Peruvian as it is if you’re a foreigner? In this post, we’ll discuss the differences and offer some advice on starting a company in Peru if you’re not Peruvian. Setting up […]