Peru Tax Codes

Tax codes determine how much tax is paid on each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, make sure that the tax codes for Peru are set up correctly.

For more information on tax codes, see Tax Code Properties and Creating Tax Codes.

Tax Code Table for Peru

The following table shows the tax properties required to correctly generate the Peru tax reports provided by the International Tax Reports SuiteApp. The tax code names or letters presented in the table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.

On the New Tax Code or Edit Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.

Important:

Please consult your tax agency for the correct tax rates.

Tax Code	Description	Rate	Property	Tax Type	Purchase Tax Account	Sales Tax Account	Available On
S-PE	Standard IGV	18%	Default	IGV_PE	IGV on Purchases	IGV on Sales	Both (Sales and Purchases)
E-PE	IGV Exempt	0%	Exempt	IGV_PE	IGV on Purchases	IGV on Sales	Both (Sales and Purchases)
I-PE	IGV Import	18%	Import	IGV_PE	IGV on Purchases		Purchases
X-PE	IGV Export	0%	Export	IGV_PE		IGV on Sales	Sales
SNop-PE	IGV Non Operational Sales	18%	Non Operational	IGV_PE		IGV on Sales	Sales
SNoc-PE	IGV Without Tax Credit	18%	No Tax Credit	IGV_PE	IGV on Purchases		Purchases
IE-PE	IGV Exempt on Import	0%	Import Exempt	IGV_PE	IGV on Purchases		Purchases
INoc-PE	IGV Import Without Tax Credit	18%	Import No Tax Credit	IGV_PE	IGV on Purchases		Purchases
SUn-PE	IGV Purchases With Unknown Credit	18%	Unknown Tax Credit	IGV_PE	IGV on Purchases		Purchases
IUn-PE	IGV Import With Unknown Credit	18%	Import Unknown Tax Credit	IGV_PE	IGV on Purchases		Purchases

Tax Code Table for Peru

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