Overview
- On June 12 multiple media outlets and business gremios reported a draft Decreto Supremo that would raise the Impuesto Selectivo al Consumo (ISC), cut the drawback refund from 3% to 1% and expand IGV perception rules.
- Business groups including ComexPerú, the CCL, SNI, ADEX and the Association of Bodegueros issued coordinated statements saying the measures would raise consumer prices, hurt small retailers and weaken exporters’ competitiveness.
- The MEF issued an official communiqué on June 14 denying any proposal to increase the ISC or adopt the other attributed tax measures and called the reported versions without foundation.
- Economists and the central bank say ISC hikes typically produce a one‑off price effect, while gremios warn the package could boost inflation, incentivize contraband and deepen pressures on MYPES and more than 535,000 bodegas.
- The dispute leaves open the next steps: whether the draft exists and who should set ISC rates, a debate tied to a congressional bill (Project 536) that would return rate‑setting power to the legislature.