Tuesday, June 26, 2012

Goods Created in Peru

Most countries that have established first world status started by producing goods then moving on to services. The UK and the US all had slave wages and horrible conditions in factories and with time advanced and began to concentrate more on services, such as medicine and law.

Peru seems to be doing things quite the opposite though. While Peru exports food such as avocados and mangos, it has yet to create goods and prefers rather to import basic items such as laptops, cell phones, and cars. Peru has recently began to produce laptops by the company Advance, but it still has a long, long way to go.

If you're going to buy a laptop in Peru, one tip to remember is that speaking Spanish will help you greatly. You'll be treated differently than if you speak English all the time, it'll help you assimilate to Peru, and it'll get you cheaper prices. If you're looking to learn Spanish, check out Fluenz Spanish, Rosetta Stone, and Synergy Spanish.



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Tuesday, June 19, 2012

Peruvians Must Pay Taxes on Their Worldwide Income

Updated 17 March 2014

The US isn't the only one that taxes its citizens no matter where they are in the world. Americans can get out of taxes provided that they fulfill some requirements and you can read more about this in the Tax Guide for Overseas Americans. If you need help with your taxes, there are plenty of tax guides out there or alternatively look into hiring an accountant who specialises in expat taxes.

Peruvians and foreign residents also have to declare taxes on money they make in other countries. Whether or not you can avoid paying taxes to Peru depends on your situation. See SUNAT for more info. In addition, having paid taxes to your home country does not exempt these funds from being taxed again. This is the law, what is done in practice is different. I don't know anyone who declares their worldwide income to Peru so that they have double taxation. 

If you're going to hit the tax office in Peru, one tip to remember is that speaking Spanish will help you greatly. You'll be treated differently than if you speak English all the time, it'll help you assimilate to Peru, and it'll get you information faster. If you're looking to learn Spanish, check out Fluenz Spanish, Rosetta Stone, and Synergy Spanish.



The Ultimate Peru List recommends:

Tuesday, June 12, 2012

Is Peru Too Laid Back?

Latin America is known for its laid back lifestyle, but this could be too much of a good thing. This lackadaisical attitude meaning that planning is thrown out the window and things are done in a slipshod manner. This goes for roads, bridges, buildings as well as the future, such as planning for retirement. However, you have to take things into stride and try to understand more about Peruvian culture.

In addition, it means that laws are shades of grey rather than black and white. Some people like this because it means they can overstay their visa easily and just pay $1 a day fine. Some who have overstayed their visa by many days have even bargained down the fine. Though this works against them as well as it causes fewer employers want to get their employees visas since they know that working on a tourist visa isn't that bad. This in turn causes laughable wages, zero benefits, and no chance for things to get better in the future.

One tip to remember is that speaking Spanish will help you greatly. You'll be treated differently than if you speak English all the time, it'll help you assimilate to Peru, and it'll get you cheaper prices. If you're looking to learn Spanish, check out Fluenz Spanish, Rosetta Stone, and Synergy Spanish.

Things are bad for Peruvians as well, as bribery is commonplace. I'll never forget the day that I was on a combi that got pulled over by a police officer. The driver took 20 soles in his filthy hands and put it in the documents that he handed over. The policeman held it up, told the driver that he couldn't accept bribes and stuffed it in his shirt pocket. Classic. This is why Peru will not achieve first world status in my lifetime.



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