ANNOUNCEMENT 09 May 2018

The Peruvian Government increased the Selective Consumption Tax (i.e. Impuesto Selectivo al Consumo or ISC in Spanish) set on certain spirits.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Official Gazette of Peru. Boletín Oficial de Peru. Ministerio de Economía y Finanzas. Decreto Supremo N° 093-2018-EF de 9 de mayo de 2018. Available at: https://www.mef.gob.pe/es/normatividad-sp-9322/por-instrumento/decretos-supremos/17570-decreto-supremo-n-093-2018-ef-1/file

Ministry of Economy and Finance. Ministerio de Economía y Finanzas. Decreto Supremo Nº 092-2013-EF de 13 de mayo de 2013. Available at: https://www.mef.gob.pe/es/por-instrumento/decreto-supremo/9972-decreto-supremo-n-092-2013-ef/file

Ministry of Economy and Finance. Ministerio de Economía y Finanzas. Decreto Supremo N° 104-2004-EF del 23 de julio de 2004. Available at: https://cdn.www.gob.pe/uploads/document/file/250700/226088_file20181218-16260-1d8ps0d.pdf

Inception date: 09 May 2018 | Removal date: open ended
Still in force

Tax or social insurance relief

On 9 May 2018, the Ministry of Economy and Finance of Peru has adopted Supreme Decree 093-2018-EF increasing the applicable values of the Selective Consumption Tax (i.e. Impuesto Selectivo al Consumo or ISC in Spanish) set on certain spirits but excluding Pisco, the locally-made spirit.

The Selective Consumption Tax is a levy created by the government to discourage the consumption of certain products. However, as the new increases in the excise tax do not apply to Pisco, but apply to other foreign spirits with similar alcohol content, this measure can be understood as discriminatory against foreign trade.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A