The East Pisco Basin, occupying the coastal plain of Peru between 13°S and 16°S, is widely known for its extensive Eocene to Quaternary biosiliceous deposits and excellent preservation of fossil marine vertebrates. Biochronologic studies published over the past 35 years record a hiatus of about 13 million years (*32–19 Ma) separating the youngest Paleogene deposits (Otuma Formation) from the oldest Neogene deposits (Chilcatay Formation). We describe a newly identified Lower Miocene depositional sequence that lies below documented Chilcatay strata, rich in diatoms and benthic foraminifers, which we name the Tunga Formation. A low-latitude diatom assemblage from the Tunga Formation indicates an age of 21.6 to 20.5 Ma age, whereas an ash within basal Tunga strata yields an 206Pb/238U weighted mean age of 20.58 ± 0.13 Ma. Benthic foraminifer paleodepth analysis and the diatom assemblage of the Tunga Formation indicate deposition took place along the continental margin at upper bathyal depths under hypoxic conditions beneath highly productive waters, a scenario also supported by the presence of abundant clupeoid fish scales and dolomitized horizons. The Tunga Formation is characterized by a profound scarcity of cetacean fossils, unlike the cetacean-rich neritic sediments of the overlying Chilcatay Formation.