currency is the Nuevo Sol (S/.). One Nuevo Sol is
broken down into 100 céntimos (cents). Banknotes currently circulating include
200, 100, 50, 20 and 10 Nuevos Soles, while there are coins for 1, 2 and 5
Nuevos Soles and 50, 20, 10 and 5 cents.
There are no restrictions for changing currency in Peru.
US dollars are commonly accepted in most hotels, stores and supermarkets in Lima
and in the main cities in the country. We recommend to exchange money in banks,
because they offer more security and guarantees.
Avoid street moneychangers as they do not provide guarantees, despite of the
fact that many of them are registered in municipalities in many districts of
Visitors should bear in mind that it is very difficult to change currencies
other than the US dollar.
Nature of the tax
Value added tax (VAT).
VAT standard rate is 18%.
Reduced tax rate
There is a reduced VAT rate of 2% for certain products and some exemptions (0%)
for foodstuffs, urban passenger transport, the international transport of cargo,
life assurance polices, some financial products, books, construction and
maintenance of ships.
Other consumption taxes
Peru has established a consumption tax, "Impuesto Selectivo al Consumo", for the
sale and import of goods such as cigarettes (125%), alcoholic drinks (20%);
sparkling and mineral water, luxury items, fuel (fixed sum), gambling and