On the sixth day of the freight carrier strike, the Minister of Economy and Finance, oscar grahamannounced that the Government made the decision to reduce the payment of the selective consumption tax (ISC) on fuels by up to 90% through a supreme decree that could be approved in the coming days.
From the Wanka Coliseum in Huancayo, where a delegation from the Executive is meeting with representatives of transporters’ and farmers’ unions, Graham pointed out that the measure responds to the international crisis that affects the price of fuel and foodwhich mainly impacts people with fewer resources.
“From the Ministry of Economy and Finance we are making the decision, together with the Council of Ministers, to reduce, exonerate, the payment of selective consumption tax on fuels by 90%, through a supreme decree that we can take out this week”, he expressed.
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Graham also indicated that the ISC reduction It will generate less income for the fiscal box, in an approximate amount of 250 million soles per month, for which, he specified, a permanent evaluation of the price of fuels will be carried out to return to the total collection of the aforementioned tax.
Exempt VAT for food
The head of the MEF said that will propose a bill to the Congress of the Republic to exempt the general sales tax (IGV) of products that have a greater component in the consumption basket such as chicken, eggs, flour and noodles.
