How Sweet It Is – Chile Tax Authority Blamed for Price Rise on Sweetened Beverages

As of 31 May, Chile’s largest beverage company, CCU, will increase consumer prices on nectars, hypotonic and isotonic drinks, by 9%, to absorb a change in the calculation of value-added tax on non-alcoholic drinks. The change was announced in April by the Servicio de Impuestos Internos (SII), Chile’s tax authority.