Due to its limited scope, the update will not affect the recovery of the economy, and a gradual implementation schedule will be published in February.
Through Ministerial Resolution No. 030-2024-EF/15, the Ministry of Economy and Finance (MEF) updated the fixed amounts for the Selective Consumption Tax (ISC) applicable to cigarettes, reheated tobacco and alcoholic beverages. .
This measure will take effect starting in March, and 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 ISC plays a dissuasive role in consumer behavior, applying a fixed amount in soles for each unit of product. This amount is updated annually if the price of the product experiences a variation of more than 1% compared to the previous year.
Last year the update was postponed due to the complex context that companies and consumers faced. Now, for 2024, the update of the fixed amount of the ISC in the corresponding products will resume using the methodology established in 2020 through Ministerial Resolution No. 034-2020-EF/15.
The products to which the updated specific ISC will be applied, as of March 1, 2024, after the evaluation carried out, will be: cigarettes, heated tobacco products (HTC) and alcoholic beverages.
The variation experienced in the fixed amount of the ISC for these products, in terms of price variation, does not turn out to be significant. It is also important to note that it is the producer’s decision to transfer the ISC update to the consumer.
It is worth mentioning 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.
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– 2024-05-10 22:15:59
