Peruvian Beer Chamber asks to apply modifications in April

Published Feb 10, 2024

Tridge summary

The Peruvian Beer Chamber (CCP) has suggested that the Selective Consumption Tax (ISC) should start in April, with most of the tax burden falling in the last quarter of the year. This comes as the Ministry of Economy and Finance (MEF) is planning the ISC's implementation schedule. The CCP is urging for early clarity on the tax's gradual implementation to avoid affecting the summer campaign and to help companies better manage the tax burden.

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Original content

The Peruvian Beer Chamber (CCP) proposed that the application of the Selective Consumption Tax (ISC) should be carried out starting in April and that the greatest burden of said tax should be carried out in the last quarter of the year. This occurs in a context in which the Ministry of Economy and Finance (MEF) is outlining the implementation calendar of the ISC and has expressed willingness to dialogue with the different actors in the sector. MORE INFORMATION; They will raise taxes on beers, liquors and cigarettes: date on which the ISC update will take effect Carla Sifuentes, general manager of the CCP, highlighted the need for early clarity regarding the announced gradualness. “This will prevent the results of the summer campaign from being affected and will allow companies in the category to assume the greater burden of the ISC at a better economic time in the country,” he commented, for a local radio station. In addition, Sifuentes indicated that it is important to review the ...

Source: Apnoticias