In an interview given to Underlined (channel 10), Menéndez celebrated that the drop in prices is produced by “fiscal sacrifice” and not by asking the companies, “which are quite battered after two years of the pandemic.”
“What was going to be a price agreement at first ended up being a government move by lowering VAT to baked goods and noodles; it is a first step and it is important,” said Menéndez. This type of product has a minimum VAT tax burden, which represents 10% of the final cost.
Menendez assured that the Supermarket Association is not “opposed” to a price agreement and that, in fact, they have participated in these measures during other governments, but “it is not normal” in a context of rising inflation, the result of the rise in oil prices and the Russian invasion of Ukraine, he explained. In addition, the executive assured that the tax benefit will be reflected in the final price of national products or even, in some cases, foreign products imported by Uruguayan companies.
Like the roast The tax benefit to contain the price of baked goods and noodles will also be, in principle, for a period of 30 days, although it may be “renewed” and extended for longeraccording to the Minister of Livestock, Fernando Mattos.
“At a minimum, (prices) should not increase and, in some case, we will be able to see a reduction in specific costs,” Mattos said. in interview with Telemundo (channel 12). The hierarch commented that this measure was taken by the government as a result of “his concern” to “relieve the pockets of the Uruguayans.”
