The Ministry of Economy and Public Finance clarified -through an official statement- that did not apply any variation in the rates of the Specific Consumption Tax (ICE); therefore, government policies give priority to the protection of the national industry.
“This State portfolio makes this clarification in response to recent statements by the president of the National Association of Wine Industries (ANIV), Luis Pablo Granier, in relation to the request to freeze ICE for five years”, the ministry said in a note.
According to that institutional report, on September 9 of this year, Law 1462 was enacted, which establishes rate bands for ICE, applicable to alcoholic and non-alcoholic beverages.
Likewise, through Supreme Decree (DS) 4795, of the same date, the aforementioned law was regulated, in which there is no evidence of the application of any measure that harms the industrial sector of beverages, since the ICE rates were not increased.
The ICE registers variations due to the updating of the Housing Development Unit (UFV), which is a benchmark index that shows the daily evolution of prices and it is calculated on the basis of the Consumer Price Index (IPC), the same that allows the maintenance of annual value.
On September 7, the Ministry of Economy and Public Finance met with the executives of the National Chamber of Industries (CNI) to socialize in advance Law 1462, in which ICE tax rate bands are established for alcoholic and non-alcoholic beverages.
“The president of the ANIV also participated in said meeting, who expressed its full agreement with the draft standard proposed by this (governmental) entity,” the ministry said.
