According to economist Nassim Alemany, advisor to Adopron, the tax on Rum went from averaging 53 percent in 2013 to 66 percent in 2020. In the case of low-priced rums, the tax reaches up to 70 percent.
However, the new tax reform did not affect all alcoholic beverages equally, some of them decreased, as in the case of beer, which went from 48 percent to 39 percent in 2020. In the case of imported beverages, the Effective Tax Rate is between 35 percent and 40 percent.
“The crisis generated by the production of alcoholic beverages adulterated with methanol caused rum sales to fall during the months of May (-40 percent), June (-42 percent) and July (-22 percent) of 2021,” stated advisor Alemany in the statement.
