He Minister of Economy and Finance (MEF), Alex Contreras, ruled out that during this 2023 there is a readjustment of the Selective Consumption Tax (ISC), as planned. Along these lines, he announced that the decision will be postponed until 2024, “depending on the circumstances.”
“I think that one year is enough time for companies to start adjusting, and before the arrival of the El Niño Phenomenon, the worst thing we would do would be to adjust taxes. so to all winemakers who have written to me, to all citizens: The ISC that corresponded in June will not be adjusted ”, indicated the head of the MEF.
When was the last adjustment of the Selective Consumption Tax?
Remember that, as a rule, the The ISC is updated regularly at the beginning of each year, in order to maintain the tax burden. However, this year—in the midst of a contracting economy—was the exception. Therefore, initially, through a ministerial resolution, it was decided to extend the deadline until June 30.
The last variation of this tax occurred in January 2022, when there was a slight adjustment of the value of the fixed amount on three goods: cigarettes, alcoholic beverages with 20 degrees and piscowith a moderate change of S/0.01, S/0.08 and S/0.05, respectively.
What products does the Selective Consumption Tax affect?
The ISC is a tax that is paid to Sunat when you buy goods such as alcoholic beverages, cigarettes or fuel. The The purpose of this tax is to discourage the consumption of these productsbecause they generate negative consequences in the personal and social order.
In January 2022, there were slight adjustments to the value of the fixed amount on goods such as cigarettes and alcoholic beverages. Photo: Scope
In the case of fuels, it also applies to certain products before the environmental pollution that generate.
The list of products affected by the Selective Consumption Tax can be found in the Appendix III and literals A, B and C of the New Appendix IV of the IGV and ISC Law. Next, We mention some of the main ones:
- Newly assembled motor vehicles designed primarily for the transport of persons
- New motorcycles and cycles, except those with special adaptations for people with disabilities
- Gasoline for motors
- Denatured ethyl alcohol and brandy of any strength
- Water, including mineral and carbonated, with added sugar or other sweetener (such as soda) or flavored
- Used road tractors for semi-trailers
- Used car bodies
- Cigars and cigarettes containing tobacco
- Lotteries, bingos, raffles and raffles
- Slot machines
- Casino games
- equestrian events
- Beer
- Pisco.
Who pays the Selective Consumption Tax?
He Excise tax It is also applied to those buyers who reflect a greater purchasing power, because they purchase luxury goods, such as new vehicles, liquor, hydrating drinks, energy drinks, among others.
The natural and legal persons that must pay this tax are:
- Organizing entities and holders of gambling and betting authorizations.
- Producers or companies that make or are related to the sale of this type of product in the country.
- Persons who import these encumbered goods.
- Importers or companies that carry out or are related to the sale of these taxed goods in the country.
Source: Larepublica
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