Special Tax Deal for Rice and Milk Drinks

The draft amendment to the Fiscal Equity Law, said the executive, aims to prevent a price rise of milk-based drinks and basic rice in this country and stimulate production.

According to an article in Prensa.com, President Daniel Ortega said in the bill that the aim of making "small adjustments to the tax" is to stimulate the productive activity of rice, raw milk and flavored milk, without this becoming a "another tax sacrifice" for the state. The Government has proposed that the selective consumption tax be reduced to 0% for all soft milk based drinks, whether flavored with fruit, cocoa, or left natural.

Source: Prensa.com

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