This tax, according to Decree DEL IMPUESTO SELECTIVO AL CONSUMO, levies on:
To whom tax is applicable:
The whole levy can be queried in the legislation of Selective Consumption Tax, through the link:
http://www.sunat.gob.pe/legislacion/igv/index.html.
When there is the levy of Selective Consumption Tax, it does not occur in any other tax in calculation basis. The tax is calculated with rates established in the Decree with minimum and maximum fee as well as based on products listed in annexes III and IV.
Thus, by entering an inflow or outflow document (TIO), you can calculate the value of Selective Consumption Tax when there is an import inflow or an imported product outflow.
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Through Purchase
Through Invoicing
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Through Purchase
Through Invoicing
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Selective Consumption Tax Calculation in Outflow Document
When the inflow document entry or invoicing is made, Selective Consumption Tax (ISC) is calculated by the system according to the binding of tables SFBxSF4xSFC. The rule for calculation is:
Calculation Method per Fee
Net Value = Calculation Basis * Fee
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Document Total Value = Calculation Basis + Tax Value
Example: Calculation Basis: 2,500.00 Rate: 5% Tax Value: 125.00 Document Total Value: 2,625.00
Net Value = 2,500.00 Tax Value = 2,500.00 * 5% = 125.00 Document Total Value = 2,625.00 |
Calculation Method per Value
Net Value = Amount * Value per Product Unit
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Amount = Amount of Document (Inflow/Outflow) Item
Example: Amount: 10 Unit Value = 100 100 1.50 Tax Value: 15.00 Document Total Value: 1,015.00
Tax Value = 10 * 1.50 = 15.00 Document Total Value = 1,015.00 |
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Cancellation/Return (Entry Notice)
In cases of return/cancellation of total or partial value of provision of services, Selective Consumption Tax must be reversed in Tax Calculation.
By entering the credit note, you must enter the original document that is returned. Otherwise, you cannot make deductions of Selective Consumption Tax in Tax Calculation.
Selective Consumption Tax must be paid when the invoice is issued by the invoicing. This information is only required in tax calculation, not influencing the invoicing. Tax is calculated and saved normally.
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See Also