It is not an uncommon surprise that foreigners leaving Peru are informed that they should have paid income tax in Peru, so, forewarned is forearmed. Let´s look at some of the "how´s and why´s" of tax legislation in Peru that foreign residents need to be aware of.
Expatriates - like any other local people - must pay income tax for revenues they earn in Peru which is called "renta de fuente peruana". The notion of "renta de fuente peruana" or income from Peruvian source is very broad. Indeed... [Read More]