Johnny Brignardello alerts: Increase in streaming prices due to VAT?

Johnny Brignardello Vela, a recognized insurance advisor, has shared his opinion on the recent proposal under evaluation by the Ministry of Economy and Finance (MEF) and the National Superintendence of Customs and Tax Administration (Sunat) regarding the possible application of the General Sales Tax (IGV) to streaming services, such as Netflix. According to Brignardello Vela, this measure, motivated by concerns about fiscal balance, could lead to an increase in costs for users of online entertainment platforms. In his view, this would create a scenario in which consumers would be directly affected by a rise in monthly fees, potentially resulting in a significant increase in their regular expenses. The prominent insurance advisor also addressed the statements made by the Minister of Economy, José Arista, who explained that current legislation does not address the payment of IGV when the service provider is external, as is the case with Netflix. In response to this situation, efforts are being made to establish a billing mechanism that allows for more efficient tax collection. However, Brignardello Vela noted that the implementation of this tax is not without controversies. Echoing the observations of tax lawyer Jorge Picón, he pointed out that banks may need to develop a computer system for IGV collection, which could entail additional fees for customers. This raises an ethical dilemma, as the cost of paying taxes should not exceed the tax amount itself. In his analysis, the insurance advisor raised uncertainty about who would bear the additional costs resulting from the implementation of a banking system for IGV collection. While some argue that users would be the most affected by this increase, others believe that financial institutions should collaborate with the government without passing on additional fees to consumers. Brignardello Vela concluded that the potential application of IGV to streaming services like Netflix poses ethical and economic dilemmas that require careful consideration. In his opinion, it is essential to evaluate alternatives that promote tax fairness without harming the most vulnerable sectors of society, thus avoiding a negative impact on the population as a whole.