Metal-halide perovskites transformed optoelectronics research and development during the past decade. They have also gained a foothold in photocatalytic and photoelectrochemical processes recently, but their sensitivity to the most commonly applied solvents and electrolytes together with their susceptibility to photocorrosion hinders such applications. Understanding the elementary steps of photocorrosion of these materials can aid the endeavor of realizing stable devices. In this Perspective, we discuss both thermodynamic and kinetic aspects of photocorrosion processes occurring at the interface of perovskite photocatalysts and photoelectrodes with different electrolytes. We show how combined in situ and operando electrochemical techniques can reveal the underlying mechanisms. Finally, we also discuss emerging strategies to mitigate photocorrosion (such as surface protection, materials and electrolyte engineering, etc.).