To include junk food like a Special Consumption Tax is in process
The possibility to include the junk food in the Special Consumption Tax (ICE for its Spanish acronym) is still under analysis in various levels of the government. The SRI (Internal Revenue Service for its Spanish acronym) and the Ministry of Health maintain meetings at technical level to determine the feasibility of including this category and in the event that this is feasible, under which criteria these products are classified.
The tax to harmful products is not another rate, but was part of ICE, effective since 25 years ago, said Ximena Amoroso, Director of the Internal Revenue Service.
The Internal Tax Regime Law, also known as Law 56, shelters the ICE creation from 22 December 1989. The ICE is a tax on national or imported goods and services,injurious to health. According to the Government, the tax aims to discourage the consumption of products that can cause chronic diseases.