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Congress seeks to reduce the prices of imported fuels through tariffs

Congress seeks to reduce the prices of imported fuels through tariffs

Congresswoman María del Carmen Alva Prieto, from the Acción Popular bench, proposes temporarily reducing fuel import costs by reducing the tax base of international transport freight for the calculation of taxes on the final importation of such goodswhich will influence the improvement of competitiveness and the reduction of prices for the final consumer.

Article 2 of the legislative initiative 4022/2022-CR excludes from the tax base for determining the customs value of imported goods a percentage of transportation costs and related costs, from the place of delivery of the goods. goods abroad, to the place of importation. This will affect some tariff items that include gasoline for motors with 7.8% fuel alcohol, Turbo A1, diesel, Diesel B2, among others.

“Imported food products and the fuels themselves are more expensive due to the high freight rates, and internally they also have a great incidence in the costs both to bring the products to the main cities of the coast, and to take them to the interior of the country,” is supported in the document.

If approved, the law will take effect from the day after its official publication, in which the reduction percentages of transportation expenses must be determined through a Supreme Decree. After the publication of the DS, the rule will apply for 6 months.

Source: Larepublica

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