The President of the Council of Ministers, Hannibal Torresasked Congress to “quickly” correct the approved law that exempts several projects of the basic family basket from General Sales Tax (IGV) until December 2022 for having included foods that are not accessible to the low-income population .
Through social networks, this Saturday, April 9, the Prime Minister said that the Executive found that the law that had initially been proposed to provisionally eliminate the VAT on certain foods had been distorted.
“Upon receiving the autograph of the law, we noticed that Congress distorted the project, by exempting fine loin, goose, pheasant, guinea fowl, imported meat, condensed milk, lasagna, ravioli, among others, which are not part of the basket. of the low-income population”Torres warned.
The Executive estimates that this would create a budget of 3.2 billion soles that could be used to provide basic services in other areas.
“We believe that it is a mistake by Congress, which has no spending capacity. We request that you promptly correct this wrong. The Minister of Economy is ready to collaborate to reformulate the norm favoring those most in need. Let’s work together!”Aníbal Torres exhorted.
VAT exemption according to Congress
The plenary session of Congress approved with 97 votes in favor, 9 against and 2 abstentions, the project to exempt from the General Sales Tax (IGV) some products of the basic family basket until December of this year.
According to the text, which did not consider the proposal made by the Ministry of Economy and Finance (MEF), the exemption reaches the import or domestic sale of food such as chicken, eggs, milk, wheat flour, noodles, sugar and meat products. between May 1 and December 31, 2022.
The approved document also seeks to create a mechanism for the use and return of the fiscal credit of the accumulated general sales tax that would have been levied on the acquisition of raw materials and supplies and other products or services used in the production process of food that are exempted by the present law.
If there is an accumulated balance of unused tax credit, the holder may request a refund from the National Superintendence of Customs and Tax Administration (Sunat), every three months and for a minimum amount of one Tax Unit (UIT).
