He Ministry of Economy and Finance (MEF) has made effective the increase in the Selective Consumption Tax (ISC) for products such as beer, cigarettes and pisco. The fixed amounts of the ISC can be updated each year as long as the percentage variation in inflation is equal to or greater than 1%. During 2023 this adjustment was postponed because the economic context was complex.
“This measure will take effect from Marchand in order not to affect the recovery of the economy, a schedule for the gradual application of the specific ISC will be published in February,” the entity stated.
They added that the corresponding update of the ISC for 2024 considers the accumulated inflation of the last 2 years.
By how much will the ISC increase?
Through Ministerial Resolution No. 030-2024-EF/15, it was determined that the ISC de beer (per liter) will go from S/2.31 to S/2.51; for cigarettes (per stick) it will go from S/0.36 to S/0.37, in the case of pisco (per liter) it will go from S/2.27 to S/2.48. For other alcoholic beverages it will also be The increase was applied as shown in the following table:
He MEF has specified that the ISC for these goods is not updated every year, to do so they must comply with a variation in prices of more than 1%. “For example, the last time the fixed ISC for beer was updated was in January 2021, In the case of pisco and cigarettes, the last update was in January 2022,” they detailed.
Source: Larepublica
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