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June 25, 2022
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Deputy Minister of the SET considers it reasonable to deduct up to 30% VAT on food

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The initial initiative was presented in the Chamber of Deputies, which contemplates a 100% deductibility in supermarket purchases.

In this regard, Orué added that if this proposal is approved, the SET will proceed to its corresponding regulation, which will specify which products should be considered for the deduction and which should not.

In relation to this last point, he added that at the discretion of the institution in charge, alcoholic beverages cannot be considered because they have to do more with a matter of leisure, and that they can be deducted in the Income Tax. Personnel (IRP).

“We are satisfied, we agree with the senators and we believe that the deduction of up to 30% of food and beverages is reasonable. In general and legal terms, we do not oppose the modification. We have to wait for what happens in the Deputies, taking into account that it is the Chamber of origin, ”he said, noting that in general terms they are not opposed to said modification, since they are going to continue dialoguing with all sectors.

 

The entrance Deputy Minister of the SET considers it reasonable to deduct up to 30% VAT on food was first published in diary TODAY.

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