TaxGlass

PE · AmericasSO · Africa

Peru vs Somalia: tax rates compared

Between the two, Peru's income tax rate (30%) tops Somalia's (18%) by 12pp. The 200-country average is 28%: Peru sits above it, Somalia sits below it. Peru's figure is dated 2026-07-13 and Somalia's 2025-11-01, so the two rates come from different data vintages.

Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.

At a glance

0102030405060Income18%30%Corporate15%29.5%Wealth Tax0%
three shared taxes, side by side
Tax PE SODifference
Income Tax30%18%PE +12 pp
Corporate Tax29.5%15%PE +14.5 pplargest gap
Wealth Tax0%0%match

Income Tax

Income Tax, side by side
CountryRateSource
Peru30%Source: PWC Worldwide Tax Summaries — Peru (Individual, Taxes on personal income) · as of 2026-07-13
Somalia18%Source: Ministry of Finance, Federal Republic of Somalia — Income Tax Manual (for the Income Tax Law 2025 & Income Tax Regulations 2025) · as of 2025-11-01
Difference+12 ppPeru higher

Corporate Tax

Corporate Tax, side by side
CountryRateSource
Peru29.5%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Somalia15%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference+14.5 ppPeru higher

Between the two, Peru's corporate tax rate (29.5%) tops Somalia's (15%) by 14.5pp. The 201-country average is 22.6%: Peru sits above it, Somalia sits below it.

Wealth Tax

Wealth Tax, side by side
CountryRateSource
Peru0%Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Peru · as of 2025-10-01
Somalia0%Source: Somalia Revenue Directorate — Direct Tax · as of 2026-07-18
Difference0 ppdisplayed rates match

There's no gap here — Peru and Somalia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Peru's figure is dated 2025-10-01 and Somalia's 2026-07-18, so the two rates come from different data vintages.

Not covered for both countries yet: VAT, Capital Gains Tax, Crypto Tax.