Peru IGV Tax Calculator
Calculate Peru's IGV (18%): add or remove tax from any amount.
Taxable base
S/ 1,000.00
IGV (18%)
S/ 180.00
Total with IGV
S/ 1,180.00
| concept | Rate | Amount |
|---|---|---|
| Taxable base | - | S/ 1,000.00 |
| IGV | 16% | S/ 160.00 |
| IPM | 2% | S/ 20.00 |
| Total taxes | 18% | S/ 180.00 |
| Total price | S/ 1,180.00 | |
Peru IGV Calculator: add or remove the 18% tax
The Impuesto General a las Ventas (IGV) is Peru's main consumption tax, with a rate of 18% composed of 16% IGV proper and 2% Municipal Promotion Tax (IPM). It applies to the sale of goods, services, construction contracts, first sale of real estate and imports.
To add IGV to a base amount, multiply by 1.18. To extract IGV from a tax-inclusive price, divide by 1.18 to get the taxable base, and the difference is the IGV. This calculator allows both operations quickly and accurately.
Some basic foods, educational services, public passenger transport and life insurance are exempt from IGV. Exports of goods and services are unaffected (0% rate). The difference between exempt and unaffected is important for IGV tax credit purposes.
Frequently asked questions
What is IGV in Peru?
The Impuesto General a las Ventas (IGV) is Peru's consumption tax. It has a total rate of 18%, composed of 16% IGV proper and 2% Municipal Promotion Tax (IPM).
How is IGV calculated?
To add IGV: amount x 1.18. To extract IGV from a tax-inclusive price: price / 1.18 = base, and price - base = IGV. The taxable base is the value without tax.
What products are exempt from IGV?
Some basic foods (rice, milk, bread), education services, public passenger transport, life insurance and others listed in Appendix I and II of the IGV Law are exempt.
What is the difference between exempt and unaffected?
Exempt goods are taxable by law but temporarily relieved from payment. Unaffected goods are outside the scope of IGV by their nature (such as exports or services rendered abroad).