Income tax on rent, worked example, in Peru

Taxation Researcher | June 20, 2022

Non-resident couple´s rental income1
Monthly Rental Income2 1,500 6,000 12,000
Annual Rental Income 18,000 72,000 144,000
= Taxable Income US$18,00 US$72,000 US$144,000
Income Tax 4
Flat rate of 30% 5,400 21,600 43,200
Annual Income Tax Due US$5,400 US$21,600 US$43,200
Tax Due as % of Gross Income 30% 30% 30%
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Notes


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 US$ = 3.40 PEN

3 Rental income earned by nonresident individuals is taxed at a flat rate of 30%.