Peru: strategic implications of the New General Business Accounting Plan (PCGE 2026) and the 2027 Roadmap
Peru’s Accounting Standards Board (Consejo Normativo de Contabilidad, or CNC) has officially approved the new General Business Accounting Plan (PCGE 2026). This decision is governed by Resolution No. 002-2026-EF/30, published in the Official Gazette El Peruano on September 4, 2026.
This measure represents the most significant financial and regulatory reform in the past six years for organizations operating in the country.
The update responds to the need to align Peru’s corporate environment with the latest amendments to global financial reporting standards (Full IFRS and IFRS for SMEs). The resolution also establishes the structural foundations for the future IFRS 18.
Adoption and transition period
To ensure business continuity for companies in Peru, a phased timeline has been established for the implementation of PCGE 2026:
- 2027 (transition and voluntary early adoption): during this period, PCGE 2019 will remain the default legal framework in force. However, the CNC has enabled companies to voluntarily adopt PCGE 2026 ahead of the mandatory deadline. From a management perspective, 2027 represents an ideal window to adapt processes and conduct parallel testing without compromising ongoing compliance.
- January 1, 2028 (mandatory implementation): from this fiscal year onward, the previous accounting plan will be fully repealed, and PCGE 2026 will become mandatory for all private and public companies in the country, with the exception of entities regulated by the SBS.
Management impact and risks
This update will affect three key areas of the organization:
- Technology and ERP systems: it requires IT reconfiguration of chart-of-accounts structures, reporting interfaces, cost centers, and automated invoicing modules.
- Tax risk mitigation (SUNAT): inconsistencies when migrating balances or electronic accounting records by the end of the transition period could trigger tax contingencies or delays in corporate audits.
- Governance and financial policies: management will need to review and redefine the organization’s accounting policy manuals to accurately reflect the economic substance of assets and results under the new global reporting framework.
Recommended roadmap
To avoid operational delays toward the end of 2027 or the beginning of 2028, companies are advised to follow an orderly transition based on the following milestones:
- Diagnostic Phase (Q1 2027): gap analysis and assessment of the budgetary impact of the specific changes applicable to each company’s industry.
- Technology Adaptation (Q2-Q3 2027): technical mapping of accounting equivalencies together with software or ERP providers, followed by testing in controlled environments.
- Alignment and Training (Q4 2027): updating the corporation’s financial policy manuals and providing comprehensive training to the teams involved across the value chain, including finance, treasury, logistics, and operations.
The arrival of Peru’s new government in July is expected to bring further fiscal and regulatory changes in the future. Are you looking to expand your multinational group into Peru? At Auxadi, we support CFOs through our MySPV technology platform, helping unify your international financial management. Talk to our experts.
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Author:
Wilmer Alberth Pérez
Tax Manager – PE
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