|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 bureau solutions for your Peruvian entity|
|• 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|
|• 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.
- Minimum Wage
850 PEN per month
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.