What does a $60,000 hire cost in Peru?
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Total annual employer cost
Full cost breakdown
Statutory contributions and typical benefits for an employee in Peru at $60,000 base salary.
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Key Takeaways for Hiring in Peru
- Minimum wage: PEN 1,025/month
- Standard working hours: 8 hours/day per day / 48 hours/week per week
- Recommended hiring model: EOR
- Local currency: Peruvian Nuevo Sol (PEN)
Continent
South America
Capital
Lima
Currency
Peruvian Sol (PEN)
Language
Spanish, Aymara, Quechua
Pay Date
28th of the month
VAT
18%
Overview
| Indicator | Details |
|---|---|
| Population | ~33 million |
| Language | Spanish, Aymara, Quechua |
| Capital | Lima |
| Currency | Peruvian Nuevo Sol (PEN) |
| Country code | +51 |
| Min wage | 1,130 PEN / month |
| Working hours | 8 hours |
| Weekdays | Monday to Saturday |
| Work hours per week | 48 hours |
Payroll
Average employer cost
9%
| Category | Details |
|---|---|
| 13th Salary | Mandatory; paid in July and December |
| Avg employer tax | 9% |
Tax Breakdown
Personal Income Tax (PIT)
| Category | Rate / Details |
|---|---|
| Up to 7 UIT | 8% |
| 7–20 UIT | 14% |
| 20–35 UIT | 17% |
| 35–45 UIT | 20% |
| Over 45 UIT | 30% |
Corporate Income Tax (CIT)
| Category | Rate / Details |
|---|---|
| Standard Rate | 29.5% |
Social Security Contributions
| Category | Rate / Details |
|---|---|
| Employee Contribution | 13% (pension) + 9% (health) |
| Employer Contribution | 13% (pension) + 9% (health) |
VAT
| Category | Rate / Details |
|---|---|
| VAT | 18% |
Onboarding Process
Onboarding in Peru typically includes the following steps to ensure a smooth transition for new hires:
- Employment Contract
- Registration with Authorities
- Payroll Setup — Ensure accurate calculation and withholding of taxes and social security contributions
- Employee Documentation — Collect personal identification, bank account details, and tax information
- Workplace Policies — Provide access to company policies, health and safety guidelines, and any applicable collective agreements
- Pre-boarding — Pre-boarding Pre-boarding
Employee Leave Policies
Sick Leave
- 20 days per year; beyond that, employees are entitled to Temporary Disability Insurance
Maternity Leave
- 98 days (fully paid)
Paternity Leave
- 4 days (fully paid)
Annual Leave
- 30 calendar days per year after one year of service
15 Public holidays in Peru
Note: Some holidays may be observed regionally or on different dates.
| Month | Date | Holiday |
|---|---|---|
| January | 1st | New Year’s Day |
| April | 17th | Maundy Thursday |
| April | 18th | Good Friday |
| May | 1st | Labor Day |
| June | 7th | Battle of Arica & Flag Day |
| June | 29th | St. Peter & St. Paul |
| July | 28th | Independence Day |
| July | 29th | Independence Day Holiday |
| August | 6th | Battle of Junín |
| August | 30th | Santa Rosa de Lima |
| October | 8th | Battle of Angamos |
| November | 1st | All Saints’ Day |
| December | 8th | Immaculate Conception |
| December | 9th | Battle of Ayacucho |
| December | 25th | Christmas Day |
Termination Process
| Requirement | Details |
|---|---|
| Permissible Grounds | Mutual agreement Misconduct Redundancy Performance issues |
| Notice Period | Employee-Initiated: 30 days Employer-Initiated: 30 days Probationers: No notice period required; however, employers may waive or reduce it |
| Severance Pay | Not mandatory; subject to employment agreements |
| Probation Period | Duration:Typically 3–6 months Extension: Not permitted beyond the stipulated period; if no confirmation letter is issued by the end of this period, the employee is automatically considered permanent |
| Personal Details | Name, contact information, and role of the employee. |
Legal Disclaimer: The information provided in this guide is intended for general informational and guidance purposes only and does not constitute legal, financial, or human resources advice. While we strive to keep the information up to date and accurate, laws and regulations in Peru are subject to change. We recommend consulting with qualified legal and HR professionals for advice specific to your situation. RemotePass does not accept liability for any errors, omissions, or outcomes related to the use of this information.
