| Update: | Compliance Alert - SIN new Normative Resolution updates the Specific Consumption Tax rates for 2024 |
| Date: | 2023-12-28 |
The National Tax Service (SIN) published on its website the Normative Resolution of the Directory (RND) 102300000038, with which it updates the specific rates of products taxed by the Specific Consumption Tax (ICE) for its application during the 2024 administration.
What products are affected by ICE?
Non-alcoholic beverages, beers, wines, fermented beverages, alcoholic beverages, cigarettes, tobacco, and products containing tobacco and nicotine, which are classified according to the tariff heading.
Below are the products that are affected by the update of the rates for the year 2024:
- Non-alcoholic beverages in hermetically closed containers (except natural waters and fruit juices of heading 20.09) and energy drinks
- Beer with 0.5% or more volumetric degrees
- Wines, corn chicha, fermented drinks, and sparkling wines
- Alcohol, singani, other spirits, liqueurs and creams in general, whiskey, rum, and vodka
- Cigars (even blunt ones), cigarettes (cigarillos), and cigarettes made of tobacco or tobacco substitutes
- Other manufactured tobacco and tobacco substitutes; “homogenized” or “reconstituted” tobacco; tobacco extracts and juices.
- Products containing tobacco, reconstituted tobacco, nicotine or tobacco or nicotine substitutes, intended for inhalation without combustion; other products containing nicotine intended for the absorption of nicotine in the human body.
The full RND 102300000038 is available here.