Morelia, Michoacán.- A new tax on the purchase of alcoholic beverages is the approach of the government of Michoacán, a proposal included in the scope of the Income, and Finance, laws for the 2020 Fiscal Year.
Under the name Of Final Sales Tax on Alcoholic Content Beverages, the Executive Seeks the collection of 25 million 938 thousand 195 pesos, by collecting the “final sale” between suppliers prior to their consumption by the public, that is, during the acquisition of the from a business to the producer, importer or distributor.
The state government’s justification in the budget outreach document delivered to the Local Congress last night refers to the tax being levitive and for “tax extra purposes, as alcohol consumption has increased alarmingly from 49.1% in 2008 to 55.2% to 2011, among young people aged 17 to 19,” the explanatory statement states verbatim.
Even with regard to this new tax, the Executive mentions that this new tax is not for the purpose of avoiding the consumption of alcohol, but with the “extra fiscal” purpose of inhibiting the abuse of alcohol, based on section 10-C of The Coordination Act F iscal.
According to the text, of the nearly 26 million pesos collected by the Final Sale Tax on Alcoholic Beverages, 20% will go to municipalities.
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