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If you are interested in hiring a remote team in Peru, or even just individual remote employees in Peru, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Peru payroll solutions. As a Peru payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Peru. We are confident Rivermate’s payroll solutions Peru will help you grow as a business—because now, you won’t have to worry about your payroll solutions Peru. We take care of everything payroll!
With Rivermate, you can run Peru payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
Once you've determined the best Peru payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
Employers must make a variety of contributions, including 9% of their payroll to the National Health System (RPS). If you provide an additional health plan, you may be eligible for a tax credit for a portion of the cost. Employers also contribute an average of 11.5% of their gross salary to ASPs, which are private entities that manage retirement, disability, and funeral funds. If you work in a risky industry, you must have supplemental insurance for your employees.
Peru has a progressive income tax system, with rates ranging from 8% to 30%. Tax rates, on the other hand, typically change every year. Non-residents in the country are only required to pay 30% tax on income earned in Peru. Other tax rates are as follows:
1. 18% of gross earnings for VAT
2. Corporate income tax of 29.5%
3. 13% for social security benefits
Companies that wish to expand their operations globally have four different payroll options in Peru. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Peru. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Peru payroll outsourcing: Outsourcing your payroll to an Employer of Record in Peru, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Peru can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Peru have different ways of managing payroll. However, most of the options you have for running payroll in Peru are either expensive or require establishing a subsidiary in Peru. The cheapest, most efficient, and most reliable payroll processing system in Peru is by outsourcing payroll to Employers of Record (EOR) in Peru. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Peru. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Peru. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Peru.
Employees may be terminated objectively or for cause, provided that documentation is provided. In general, employees should receive at least six calendar days of written notice to answer in writing or thirty calendar days to demonstrate their capabilities. The firing decision and justification should also be communicated in writing to the employee's trade union. Employees who are terminated without cause are normally entitled to up to 12 months of severance compensation.
Termination of temporary employment must occur in accordance with the contract's expiration date. Permanent termination of employment must be either voluntary resignation or dismissal for cause.
The monthly minimum wage in Peru is set at 930 PEN.
The standard workweek is 48 hours and the day is eight hours.
Peru features a hybrid public-private healthcare system.
Supplemental health insurance is often provided by employers.
Employees are usually eligible to life insurance after four years of employment.