Friday, February 3, 2023

To drink pure ‘aguaita’! This will cause soft drinks and cigarettes to rise in 2023.

Prepare your wallets, as the Ministry of Finance and Public Credit (SHCP) has approved an increase in the Special Tax on Production and Services this Wednesday, December the IEP) in products such as soft drinks, cigarettes and gasoline, which would result in an increase in the prices of these products.

In case of cigarettes, SHCP approves implementation of quota 0.5911 pesos for each tobacco, On the other hand, for each liter the amount cold drink Will be from 1.5086 pesos per liter,

According to what has been published in the official gazette of the federation, the tax will be applicable from January 1, 2023.

Domingo Ruiz López, president of the Financial Commission of Coparmex Nacional, explained that the increase in IEPS fees has to do with the increase in the National Consumer Price Index and that this year of 2022 had significant inflation, close to double digits.

IEPS is a tax which not only has collection purpose but also objectives known as additional financialThat is, they want to deter or punish the behavior and for this reason and higher taxes on alcoholic beverages, because the intention is that people choose not to consume this type of product or think about it for health reasons. “, insisted Domingo.

“IEPS are mechanisms to go into law update without quota he necessarily amend the law And that is why this growth is reflected”, he added.

In December, for the third time so far in 2022, the Coca-Cola Beverages portfolio reported price adjustments in the following 17 states: Campeche, Chihuahua, Mexico City, Coahuila, Colima, Durango, Guanajuato, Guerrero, Jalisco, Oaxaca, Puebla, Quintana Rue, Sinaloa, Sonora, Tamaulipas, Veracruz and Yucatan.

The drink that increased its cost the most to the consumer was small mole hard seltzer that’s gone 20 to 23 pesosAfter that, Coca-Cola 600ml Non-Refundableone of its best-selling formats, went from 17 to 18 pesos, Its sugar-free version ranges from 13 to 15 pesos and the light version from 16 to 17 pesos.

-With information from Felipe Guzcón.

Nation World News Desk
Nation World News Desk
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