VAT on Gold in Peru
Gold in powder and unwrought forms is exempt from IGV until 31 December 2028. Gold jewellery carries the full 18% IGV, made of 16% IGV and the 2% municipal tax. Today 10 grams of 24K gold cost PEN 4,313 at the world price, with no tax on investment bars and coins.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Gold in Peru today, with tax
PEN · Oct 30, 2026, 21:55 UTC| Weight | World price, 24K gold | Bar or coin, with tax and duty | 18K jewellery metal, with tax |
|---|---|---|---|
| 1 gram | PEN 431.33 | PEN 431.33 | PEN 381.73 |
| 10 grams | PEN 4,313 | PEN 4,313 | PEN 3,817 |
| 1 ounce | PEN 13,416 | PEN 13,416 | PEN 11,873 |
| 100 grams | PEN 43,133 | PEN 43,133 | PEN 38,173 |
| 1 kilo | PEN 431,330 | PEN 431,330 | PEN 381,727 |
The rules in Peru
| What you buy | Tax | Details |
|---|---|---|
| Bars and bullion coins | 0% | Gold in powder and unwrought forms is exempt from IGV until 31 December 2028. Covers tariff lines 7108.11 and 7108.12 (Law 32542 extended Appendix I to 31 December 2028). Semi-manufactured gold is taxed. SUNAT withholding (detracciones) applies at 1.5% on exempt gold and 10% on taxed gold. |
| Jewellery | 18% | Gold jewellery carries the full 18% IGV, made of 16% IGV and the 2% municipal tax. Charged on: full value. |
| Import duty | 0% | Peru is a major gold producer; local prices are the international price times the sol, so no import duty is built in. |
| Tourist refund | No | Not verified. Peru has legislated an IGV refund for non-domiciled tourists on goods, but we could not confirm that it is operating in 2026 or its conditions. |
Compared with nearby countries
| Country | Bars and coins | Jewellery | Import duty |
|---|---|---|---|
| Peru | 0% | 18% | none |
| United States | 0% (0–10.55%) | 7.53% (0–about 12%) | none |
| Canada | 0% | 13% (5–15%) | none |
| Mexico | 0% | 16% | none |
| Brazil | 1% | several taxes | none |
| Colombia | 19% | 19% | none |
VAT on Gold in Peru: FAQ
Is there VAT on gold in Peru?
Gold in powder and unwrought forms is exempt from IGV until 31 December 2028. Gold jewellery carries the full 18% IGV, made of 16% IGV and the 2% municipal tax.
Do you pay VAT on gold bars and coins in Peru?
Gold in powder and unwrought forms is exempt from IGV until 31 December 2028. Covers tariff lines 7108.11 and 7108.12 (Law 32542 extended Appendix I to 31 December 2028). Semi-manufactured gold is taxed. SUNAT withholding (detracciones) applies at 1.5% on exempt gold and 10% on taxed gold.
Is there import duty on gold in Peru?
Peru is a major gold producer; local prices are the international price times the sol, so no import duty is built in.
Can tourists claim back the VAT on gold in Peru?
No. Not verified. Peru has legislated an IGV refund for non-domiciled tourists on goods, but we could not confirm that it is operating in 2026 or its conditions.
Sources (2)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.