According to the Association of Beer Sellers and Distributors for Small and Medium Businesses in Lima, the average consumption of beer per person in Peru is approximately 129 cans of 335 ml each year, which is equivalent to about 46 liters or 73 standard-sized bottles. , which adds up to a total of 6 boxes […]
Tag: ISC
From March 1, the ISC on beer will rise S/0.10, confirms the MEF
The Ministry of Economy and Finance (MEF) through supreme decree No. 014-2024-EF, confirmed the modification of the selective consumption tax (ISC) for beer, which will go from the current S/2.31 to S/2, 51 gradually. This way, The update of the ISC in the case of this liquor will be in two tranches of S/0.10 each, […]
Brewers propose that the ISC be applied after the summer
The Beer Chamber of Peru (CCP) proposed that The application of the Selective Consumption Tax (ISC) to alcoholic beverages must be carried out from April and the greatest burden of said tax must be made in the last quarter of the year. Carla Sifuentes, general manager of the CCP, explained that this way will prevent […]
Collection recovers after 10 negative months
After 10 months of consecutive falls, the central government’s tax revenues grew in January 2024 and totaled S/14,261 million, reported the National Superintendence of Customs and Tax Administration (Sunat). With this, collection registered an advance of 3.4% compared to the same month last year. One of the reasons for this result, explained the collecting entity, […]
MEF announces increase in the ISC: by how much will the cost of beer, pisco and cigarettes increase?
The Ministry of Economy and Finance (MEF) has implemented an increase in the Excise tax (ISC) applicable to high demand products such as beer, cigarettes and pisco. This measure, which seeks to align taxes with recent accumulated inflation, will come into force from March 2024. In an effort to adapt to economic variations and ensure […]
MEF will raise the ISC: by how much will the cost of beer, pisco and cigarettes increase?
The Ministry of Economy and Finance (MEF) will update the Selective Consumption Tax (ISC) after 2 years from March 1. Although this adjustment is usually made every year, it had stopped doing so because the economic context was not optimal. Now that there are expectations that 2024 will be the year of recovery, the State […]
Minister of Economy announces increase in the Selective Consumption Tax in 2024
The Minister of Economy and Finance, Alex Contreras, announced last Monday, January 29, that the Government plans to increase the Selective Consumption Tax (ISC) during 2024. This measure was postponed last year to provide support to companies amid of the complex situation that the country was going through due to the possible arrival of the […]
Increasing the ISC would generate a 4.5% drop in annual winery sales, according to CCL experts
If the Ministry of Economy and Finance (MEF) decided to adjust the fixed amounts of the Selective Consumption Tax (ISC) to inflation in 2022 and 2023, the annual sales of wineries could fall by 4.5%. This was warned by tax lawyer Leonardo López, partner of Hernández y Cía. Lawyers. The also president of the Tax […]
Tax revenues fell 2.6% in November, according to Sunat
The National Superintendency of Customs and Tax Administration (Sunat) reported that, during the month of November, the tax revenues of the Central Government—discounting tax refunds—reached S/12,328 million. Although this figure is higher by S/113 million in the same month of 2022, it still implies a drop of 2.6% in real terms. According to the collecting […]
Tax collection does not raise its head, it contracted 6.8% in October
The october fundraiser of 2023 amounted to S/11,967 million, corresponding to the tax revenue of the Central Government Net and discounting tax refunds, which meant a drop of 6.8% compared to the same month last year, according to the National Superintendence of Customs and Tax Administration (Sunat). The collecting entity indicated that “the trend has […]