Global Services
UK Services
Peru
| Currency | Peruvian Sol |
| Payroll Frequency | Monthly |
| Capital | Lima |
| Date Format | dd/mm/yyyy |
| VAT | 18% standard rate |
Employer of record Services
TopSource offers complete payroll, EOR and contractor management services for Peru. TopSource provides Employer of Record services to global companies establishing a presence in Peru that do not wish to be burdened with the complications of Peru employment regulations.
TopSource serves as an outsourced Global Employment Solutions provider. We provide comprehensive employment services such as payroll, payroll related compliances, leave and attendance administration, HR management, and assistance with employer compliances.
If you have an established presence in Peru, our payroll bureau services are available. But if you are seeking to avoid the complications of a subsidiary—or wish to establish a presence quickly an convert to a subsidiary later—our EOR service is ready to support you today.
Services we offer
| Payroll Processing | |
| • Payroll bureau solutions for your Peruvian entity | |
| EOR | |
| • Employment solutions/leasing | • Providing documents associated with employment |
| • Employee on-boarding process and documentation | • Monthly salary calculation |
| • Salary disbursement to employee’s account | • Pay slip generation (If applicable) |
| • Employee statutory benefits administration and deduction | |
| Supplementary services | |
| • Foreign exchange and money transfer services for payment of employees and 3rd parties | |
Company formation in Peru
We can help with company registration, company incorporation along with all the necessary documentation in Peru. We can also assist foreign companies to smoothly setup a company anywhere in Peru.
Statutory Compliances
We offer high-quality corporate statutory compliance services in Peru. Our services meet highest standards and meet all your compliance requirements.
- Minimum Wage
850 PEN per month
- Taxes
Employer Employer Payroll Tax Health Insurance- 9% Total Employment Cost- 9% Employee Employee Payroll Taxes 13% – Pension Fund 13% – Total Employee Cost Employee Income Tax 8% – 0-19,750 PEN 14% – 19,751 – 79,000 PEN 17% – 79,001 – 138,250 PEN 20% – 138,251 – 177,750 PEN 30% – +177,751 PEN
Termination ProcessAn employer must issue written notice to the employee with a minimum of 6 days’ notice. |
Notice PeriodEmployees must provide 30 days written notice. |
Severance PaySeverance payments not due unless there has been an unjust dismissal. When there has been an unjust dismissal, employees are entitled to 0.5 monthly salary per year employed (up to 12 payments) in addition to 1.5 times monthly salary. |
Maternity LeaveCurrent Peruvian law only provides women with 90 days paid maternity leave — 45 before giving birth and 45 after — even though Convention 183 of the International Labour Organization stipulates 14 weeks as a minimum. |
Founded in 1989, Payroll Bureau has a wealth of experience and over the past 30+years has established itself as one of the most efficient, reputable & trustworthy payroll companies in the UK. We are now part of the TopSource Group and have access to even more expertise than before. We only use HMRC accredited systems and are a BACS approved bureau.
Our experienced payroll bureau runs large and often complex payrolls on behalf of scores of businesses, some with hundreds of employees. We are now part of the TopSource Group, and we pride ourselves on a personalised and flexible service. When last-minute amendments are required – as they frequently are – our focus is on delivering a fast and accurate response.
With 20 years of experience, Practical Payroll Solutions is one of the UK's leading payroll companies offering a range of managed payroll services for large businesses. We are now part of the TopSource Group and provide flexibility in the way we can deliver your payroll be it - weekly, fortnightly, lunar or monthly. We are a payroll company that works around your needs.
TopSource India provides end-to-end payroll, leave and attendance management solutions to small, mid and large businesses across all industries in India. We provide our services and operational support from our facility in Pune. Our account management teams are locally based and work directly with clients to ensure accurate delivery of our services.
TopSource was founded in December 2003 as a UK company focussed on providing payroll & accounting services to mid-market companies in the UK. Our teams in the UK provide account management & work directly with clients to ensure accurate delivery of our services. We are SSAE16 and ISO 9001 certified and we have also International payroll BSI 25999 Business Continuity Planning.
