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Peru vs Chile
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡΅πŸ‡ͺ Peru
vs
πŸ‡¨πŸ‡± Chile
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
8–30%
Rates stable; tax formalization drive
No change
0–40%
Rates stable; Boric administration reforms settling
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
18%
18% stable; digital services included
No change
19%
19% flat; no change
No change
Corporate Tax Rate
Corporate Tax Rate
29.5%
29.5%; Pillar Two framework in development
No change
27%
Large corp 27% stable; Pillar Two for MNCs
No change
Capital Gains Tax
Capital Gains Tax
5%
5% dividend rate maintained
No change
0–22%
No major reform expected
No change
Social Security & Payroll
Social Security / Payroll
~32%
Mixed pension system; ONP and AFP reform progressing
No change
~35%
Pension reform adding 6% employer contribution gradually
No change
State, Regional & Local Taxes

πŸ‡΅πŸ‡ͺ Peru β€” Municipal Taxes & Regional Licenses

Peru's 25 regions and 1,874 municipalities have limited tax powers. Municipalities levy Impuesto Predial (property tax at 0.2%–1% of self-assessed value), vehicle tax (Impuesto al Patrimonio Vehicular), and business licences. Alcabala (property transfer tax) is municipal at 3% of value above 10 UIT. The national tax authority (SUNAT) administers income and VAT taxes. Peru has a flat corporate rate and progressive personal income tax system.

πŸ‡¨πŸ‡± Chile β€” Municipal & Regional Taxes

Chile's 16 regions and 346 municipalities do not levy separate income taxes. Municipalities charge patente municipal (business licence fee) based on capital, typically 0.25%–0.5% of net equity/year, capped at ~$8,000 USD. Property tax (contribuciones de bienes raΓ­ces) is national in structure but rates vary 0.075%–1.2% by property type. The SII (tax authority) is national. The Royalty Minero (mining royalty) is a significant revenue source in copper-producing regions.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Peru vs Chile: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡¨πŸ‡± Chile has a higher top income tax rate (8–30% vs 0–40%). πŸ‡΅πŸ‡ͺ Peru is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Chile has a higher consumption tax (18% vs 19%).

🏒 Corporate Tax: πŸ‡¨πŸ‡± Chile offers a lower corporate rate (27% vs 29.5%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡΅πŸ‡ͺ Peru taxes investment gains at a lower rate (5% vs 22%), benefiting investors.

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