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Congress will review the list of products exempt from VAT

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The Executive and the Congress They must agree and provide a solution regarding the autograph of the law that exempts from the general sales tax (IGV) the products of the basic family basket, which was approved last week and included foods that are not popular consumption such as fine loin, pheasant, goose, among others; which triggered a wave of criticism in the population.

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And it is that after the president of the Council of Ministers, Aníbal Torres, asked the Parliament to correct the norm that had been distorted and did not favor the most needy, the answer came from Plaza Bolívar through a statement, which invited today to a meeting with the head of the Ministry of Economy and Finance (MEF), Oscar Graham, so that —together— the respective changes to the autograph of the law are made.

We immediately propose, after the opinions of the Executive, to provide a quick solution so as not to harm millions of families nationwide. And we convene for Monday, April 11, at 8:00 am, at the headquarters of the Congress of the Republic, the Minister of Economy and Finance, Oscar Graham Yamahuchito a work table to specify the technical aspects of the approved standard”, said the entity in its letter.

At the same time, the head of the MEF advanced his willingness to dialogue.

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“Before the call of Congress we will be willing to talk and improve the rule, in the sense of working together and obviously benefiting those who are being affected by the rise in prices,” he told state media.

Although the president of Congress stated that the substitute text had the participation of an advisor to the MEF, sources from the Executive told La República that Alva Prieto would have wanted to share responsibility, since the Ministry of Economy would have observed the final proposal, but the Legislative advisers ignored it.

For her part, Silvana Robles, a legislator from Peru Libre, described Alva as incompetent due to the “haste and incorrect approval of a law without technical support.”

a rushed cost

With the inclusion of several products outside the basic basket, the loss for the national treasury would amount to S / 3,200 millionsince in addition the IGV exemption considers the validity of eight months, that is, until December of this year.

From the MEF, they assure that the inflationary effect is temporary, so the exemptions that are granted should also have it; that is, subject to extension after evaluation, and not until December 31. The initiative of the Executive was of three months.

Food inflation above 10%

The head of the Ministry of Economy and Finance (MEF), Oscar Graham, stressed that those most affected by the increase in inflation are people with lower incomes. “We focus on food inflation, that inflation is above 10% and those most affected are people with lower incomes.”

In this sense, Graham highlighted the monetary policy of the BCRP to mitigate the impact of inflation; however, he clarified that what would have to be done to solve the needs of the poorest is to focus measures such as what was done with the selective consumption tax (ISC) on fuels.

reactions

Anibal Torres, Premier

“We request that this wrong be quickly corrected. The Minister of Economy is ready to collaborate to reformulate the norm favoring those most in need”.

Óscar Graham, head of the MEF

“We are willing to talk and improve the rule, in the sense of working together and obviously benefiting those who are being affected by the rise in prices.”

Source: Larepublica

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