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Savings dollar: which are the purchases that are not covered by the new 35% tax

2020-09-16T13:35:13.990Z


In the General Resolution published in the Official Gazette, the AFIP gave details of the new regulation on consumption in foreign currency.


09/16/2020 - 7:35

  • Clarín.com

  • Economy

The Central Bank of the Argentine Republic established on Tuesday night a series of new measures with which it seeks to stop the lack of dollars and the drain on reserves.

All imply greater restrictions for the acquisition and consumption in foreign currency.

Thus, based on the new provisions, savers who want to buy dollars from this Wednesday will have to face a new tribute.

In addition to the PAIS tax -which represents 30% on the official price of the ticket-, they

will pay a 35% perception on account of Profits

.

At Tuesday's price, each US bill that you want to treasure will not fall below $ 130, according to the Central.


In addition, consumption in dollars with credit cards will be counted within the monthly quota of US $ 200. If a person spends US $ 100 with their card, they will only have US $ 100 left to access the savings dollar.

General Resolution 4815/2020 of the Federal Administration of Public Revenues (AFIP) defined in its article 1 “to establish a perception regime that will be applied on the operations achieved by the Tax for an Inclusive and Solidarity Argentina (PAIS), in accordance with Article 35 of Law No. 27,541 and its modification, its regulations and complementary norms ”.

However, it established

three types of operations that are not reached

by the new tribute:

- Expenses related to health benefits, purchase of medicines, purchase of books in any format, use of educational platforms and software for educational purposes;

- Expenses associated with research projects carried out by researchers working in the scope of the national State, provincial States, the Autonomous City of Buenos Aires and the municipalities, as well as the universities and institutions that are members of the Argentine university system;

- The acquisition abroad of equipment materials and other goods intended for fire fighting and civil protection of the population by the entities recognized in Law No. 25,054 and its amendments.

The retention of early earnings for the purchase of dollars or consumption in foreign currency

will be made for each operation

.

When the fiscal year ends -in mid-2021-, people will be able to request a refund of that amount.

In the case of those who pay Profits and Personal Assets, the excess of what they have to pay will be reimbursed.

In the case of monotributistas or people who do not pay Profits or Personal Assets, they must do the procedure in the AFIP.

The collecting body will return them to the bank account that they have informed.

"The initiative aims to maintain the current quota of $ 200 per month, but discourage the demand for foreign currency made by human beings for the purposes of hoarding and card expenses," the Central Bank defined it.

JPE

Source: clarin

All business articles on 2020-09-16

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