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VAT refund, users complain about the cancellation of refunds: what happened to the program

2023-12-06T15:57:52.162Z

Highlights: VAT refund, users complain about the cancellation of refunds: what happened to the program. The 21% refund plan for purchases of products in the basic basket expires on December 31. Customers of different banks such as Galicia, BBVA, Macro and Santander, began to see how some refunds of the "Buy without VAT" were cancelled. "The cancellations correspond to refunds that were duplicated due to a system error," they indicated in response to the question of this media. And they assured that the problem "has already been solved"


The 21% refund plan for purchases of products in the basic basket expires on December 31. What the AFIP and the banks say about it.


Customers of different banks such as Galicia, BBVA, Macro and Santander, began to see how some refunds of the "Buy without VAT" were cancelled. The AFIP, however, told Clarín that the program remains in force until December 31.

With the legend "Cancellation refund buy without VAT", many users began to upload the paper with the refund and subsequent cancellation to the X network.

Buy without VAT claim

The "Buy without VAT" program, which has been in force since last September and was born with the idea of mitigating the impact of inflation, which that month was 12.7%, is causing some controversies in recent days.

The minister, Carlos Castagneto, assured Clarín that the program is in force and that "for now there is nothing new in this regard."

In this sense, all eyes were diverted to the side of the banks, and the entities came out to respond: "The cancellations correspond to refunds that were duplicated due to a system error," they indicated in response to the question of this media. And they assured that the problem "has already been solved."

Buy VAT free

From another private entity, they indicated that "a deviation was detected in the process of "Buy without VAT" in which credit adjustments were doubled during November 15 and 16. The duplication of the credits affected the calculation and monthly limit of adjustments per customer during the following days until November 27, so a reprocess had to be carried out to debit the erroneous credits and make the accreditations correctly."

The measure reimburses 21% of purchases from certain people according to their income level, in selected stores and on private products for up to $18,800 per month.

The program reaches workers who earn salaries up to $708,000; beneficiaries of the Universal Child Allowance (AUH); 2.3 million single-taxers who do not receive any other income and 440,<> domestic workers.

Cancellation of buy without VAT

How much can you spend per month to get the full benefit?

To get the full refund, i.e. the $18,800, a person will be able to spend up to $89,700. For any expenditure in excess of this amount, there will be no VAT refund.

VAT refund: how, where and when the 21% is refunded

The beneficiary will receive a VAT refund within 24 to 48 hours of making the purchase. The beneficiary will receive a VAT refund within 24 to 48 hours of making the purchase.

The money will be refunded to the bank account of the associated debit card.

On which purchases the VAT refund is made

The VAT refund is made on the total of the purchase receipt and up to the monthly limit.

Which means of payment are used to refund VAT

The benefit applies to purchases paid for with a debit card from any public or private bank.

Who are the beneficiaries?

  • Retirees and pensioners
  • Single-taxers
  • Beneficiaries of national death and non-contributory pensions
  • Holders of the Universal Child Allowance (AUH) and pregnancy allowances
  • Workers earning up to $708,000
  • Domestic workers

Shops where you can buy it

In any business that sells products from the basic basket and that is registered: wholesalers, hypermarkets, supermarkets, minimarkets, delicatessens, warehouses, dietetics, butchers, fishmongers, greengrocers, markets and mobile stalls and specialized food stores.

These businesses must be registered with the AFIP. The premises will be identified with a label alluding to the "Buy without VAT" program.

Can the profit be accumulated with bank promotions?

The VAT refund is not exclusive, and is accumulated with other bank or merchant promotions.

What procedure must be done to access the refund?

There is no need to carry out any formalities, the refund is made automatically.

How to check if I get a VAT refund

Enter the official AFIP website, there is a sign indicating if you are eligible to receive this benefit.

How do I know if I've been refunded VAT on purchases

The beneficiary must make a purchase by debit card or through QR code debit payments, and the VAT amount will be credited directly to the cashier. Within 24 to 48 hours, the refund should appear in each beneficiary's bank account. It will appear with the legend "VAT refund".

Which products are included in the Buy Without VAT

Food, beverages, fruits, vegetables, meat and personal hygiene products and other household products.

SN

Source: clarin

All business articles on 2023-12-06

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