Peru Tariff 2026: Stay Compliant, Reduce Costs

Peru Import Duties and Taxes Summary

Peru utilizes a tiered tariff system designed to facilitate open trade while stabilizing specific agricultural and industrial sectors. Duties are generally calculated on the CIF (Cost, Insurance, and Freight) value of the imported merchandise, with most capital goods and raw materials entering duty-free or at reduced rates. Importers must also account for a substantial Value Added Tax (IGV) applied to the cumulative value of the goods and duties.

Duty Types Breakdown

• Ad Valorem Duty: The primary import tariff based on CIF value, levied at rates of 0%, 6%, or 11% depending on the product's classification.
• Specific and Compound Duties: Peru applies a Price Band System to agricultural goods like rice, corn, and sugar, resulting in variable specific duties to stabilize local prices.
• Section 301: This is a U.S. trade statute; therefore, it does not apply to goods entering Peru, though Peru may apply its own retaliatory measures if necessary.
• Antidumping Duties: Special surcharges applied to specific products from certain countries deemed to be sold below fair market value to protect local industry.
• Excise Tax (ISC): Known as the Selective Consumption Tax, this applies to luxury or specific goods like fuel, alcohol, vehicles, and tobacco.
• MPF and HMF: The Merchandise Processing Fee and Harbor Maintenance Fee are U.S. charges; Peru does not assess these specific fees, though standard customs dispatch fees apply.