The government of Argentina has established new parameters for the payment of taxes on cars and motorcycles, providing for the exemption of the payment of taxes for new cars whose final sales value is less than 28 million pesos (31,200 euros).
"The measure - the text reports - allows us to address the economic situation of the sectors concerned and attempts to adapt market conditions to the new production costs, avoiding possible consequences in terms of a drop in production and employment".
The decree published in today's edition of the Official Journal also provides for a rate of 20% for cars worth between 28 and 36 million pesos (40,200 euros).
While cars exceeding this threshold will pay taxes at 35%.
As for motorbikes, those whose value is less than 5.3 million pesos (6,000 euros) will be exempt from payment, those with a value of up to 6.8 million pesos (7,600 euros) will pay a 20% rate, while the percentage it will be 35% for all motorcycles of higher value.
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