IEPs
The changes that are requested to modernize it At 40 years old, the Special Tax on Production and Services (IEPS) needs some changes, in view of the 2022 tax reform. In this article we analyze what the Miscellaneous Fiscal 2022 proposes regarding the IEPS, as well as the changes demanded by the alcoholic beverage industry. What is the IEPS? As we anticipated, IEPS is the acronym for Special Tax on Production and Services , which came into force on January 1, 1981. The IEPS is a tax or levy on the consumption of certain specific products and services, the use of which is not entirely encouraged, such as: Tobacco Alcoholic drinks Industrialized drinks with added sugars Industrialized foods with a high caloric content some fossil fuels pesticides According to an educational bulletin from the Taxpayer Defense Attorney's Office ( PRODECON ), the IEPS is a federal tax , which weighs on the production of certain goods and ...