.png)
* Playroll continues to analyse immediate opportunities and fulfilled roles by recruitment partners, contractors and employers to identify in-demand jobs.
Employees in Peru are paid 13th and 14th month salaries in July and December; these are equivalent to one month's salary.
An employee with one or more children under the age of 18 is eligible to receive an additional “household allowance,” which is a monthly payment of 10% of the monthly minimum wage. These also include children above the age of 18 who are pursuing higher education until the age of 24.
Employees are entitled to 30 days of paid vacation leave per year. A minimum of 15 days must be taken and the other 15 can be cashed out.
When hiring employeesin Peru, businesses must provide a written employment contract in both the local language and English. There are two types of contracts: fixed-term and indefinite-term. Most employers in Peru prefer indefinite-term contracts. The contract should include details like:
The probationary period in Peru is three months. It can be extended to six months for managerial or specialized skill positions or even a year in exceptional cases.
Regular working hours in Peru involve working 8 hours per day and 48 hours per week.
Overtime payment is mandatory for employees with working hours specified in the employment agreement. The payment for additional hours is structured as follows:
The national minimum wage in Peru is 1,025 PEN per month.
It is mandatory for employers to provide 13th-month and 14th-month payments. Employees receive an additional month's salary twice a year. The first payment occurs in July (payable by 15 July), around Peru's Independence Day, and the second payment is made at the end of the year (payable by 15 December), around Christmas.
The income tax rates are applied on a progressive scale expressed in UITs (Tax Units). The value of one UIT is set by the government at the beginning of each year. The current value of 1 tax unit is 5 150 PEN.
The national pension system is funded through mandatory employee contributions. Employers are required to make monthly withholdings for pension fund contributions, which are equal to 13% to 12.5% of the compensation received by the employee
The tax-related information provided in this guide is intended for general guidance and informational purposes only. Reach out to our dedicated team for insights on remote hiring in Peru tailored to your needs.
The termination of employment varies depending on the terms outlined in the employment agreement and collective agreement. It is influenced by the type of contract and the reason for termination. Compliant terminations may occur through:
Employers are required to provide a notice period of 6 to 30 days, depending on the reason for dismissal.
There is no statutory severance entitlement but an indemnity is payable in the event of an unfair dismissal (where company does not have described legal grounds to dismiss employee). In the event of unfair dismissal, employees are entitled to receive a legal indemnity of (total may not exceed in both cases, 12 months salaries):
Peru observes a total of 10 national holidays, along with additional regional holidays that vary based on the employee's location.
The Peruvian social security system safeguards its citizens by offering benefits for sickness, maternity, accidents and death, disability and retirement as well as family related benefits.
At Playroll we're all about empowering employees to work anywhere, making mobility possible for global teams. We sponsor visas and hire the employee for you, so you don’t have to worry about payroll, taxes, and more.
It's important to note, visa support can be complicated and each country has different requirements and legislation. As of August 2024, non-Singapore entities that want to employ an individual in Singapore who is not a Singapore national or permanent resident may no longer use an Employer of Record (EOR) to sponsor that individual for a work permit. Contact our experts for help on how to navigate global employment in Singapore.
Legal and compliance experts are readily available to provide guidance and case-by-case Q&A support.
By leveraging dedicated support from in-house legal and compliance experts for case by case questions and more.
Acquiring a visa without an entity has never been easier, leverage Playroll's global coverage to sponsor and hire employees.
.webp)
Access a free set of tools to navigate international hiring across 180+ countries, while staying up to date on hiring news with global insights into the changing employment landscape from Playroll.
.png)
