Overview
- Business chambers and industry groups publicly warned on Friday, June 12 that the Balcázar administration was preparing a draft supreme decree to raise the Impuesto Selectivo al Consumo (ISC), cut the drawback for exporters and expand IGV perception rules.
- Those groups provided detailed figures they said appeared in the draft, including an ISC specific-charge for beer about S/3 per liter and ad valorem ISC bands roughly between 25% and 48%, and said some measures could take effect as early as July 2026.
- The warnings prompted broad opposition from chambers such as ComexPerú, CCL, ADEX, SNI and trade associations representing bodegas and beverage makers, who said late-stage tax changes would raise consumer prices, hurt small retailers and weaken export competitiveness.
- On Sunday, June 14 the Ministry of Economy and Finance (MEF) issued an official statement rejecting those versions, saying there is no economic or fiscal condition that justifies raising ISC rates and that the attributed measures lack basis.
- The dispute now centers on timing and legal authority for ISC rule changes, with guilds demanding consultation and Congress considering Project Law 536 on which body may set ISC rates, and businesses warning the row could heighten uncertainty for consumers, exporters and small shops.