Due to the high inflation, which was confirmed this Thursday to be 94.8% in the last year, the Government of the City of Buenos Aires cushioned the impact of the rise in vehicle valuations with
a cap on the increase in the value of the patents
.
The patent is calculated based on the valuations of the automobiles established by the National Directorate of the Automotive Property Registry (DNRPA).
In the last year, those values increased above inflation.
Repeating an initiative implemented a year ago, and in order to mitigate both the impact of inflation and the increase in vehicle valuations, by 2023
a ceiling of 84% will be applied.
This percentage corresponds to the accumulated inflation during the period November 2021-October 2022 in the City Consumer Price Index (IPCBA).
As reported by the Buenos Aires Government,
if this cap were not applied, the tax update would have been 123%
.
As a result of the application of the IPCBA, the average increase for the total number of vehicles will be 75%, below the cap implemented.
Additionally, for this year the tax rate for vehicles with the lowest valuation -those whose tax value does not exceed one million pesos- will be reduced by 50%, so that their value will remain at 1.6%.
The measure will benefit the owners of approximately 320,000 vehicles, out of a total register of one and a half million vehicles.
With this modification, the rates that are applied to the tax valuation of each car to calculate the patents were as follows:
Fiscal value less than $1,000,000: 1.6%
Greater than $1,000,000 up to $4,900,000: 3.2%
Greater than $4,900,000 up to $6,750,000: 4.0%
Greater than $6,750,000 up to $9,800,000: 4.5%
Greater than $9,800,000: 5.0%
Some examples of how the aliquots look:
The tax valuation of a 2001 Renault Clio Sedan 3-door in 2022 was $276,070 and this year it reaches $484,450, 75% more.
Last year it paid a patent fee of $1,619.17 and in 2023 it should pay $2,842.11.
With the 50% fee reduction, you will pay $1,421.05.
The tax valuation of a 2015 Ford Ranger 4X2 2.5 in 2022 was $1,483,615 and this year it reaches $3,473,005, 134% more.
Last year it paid a patent fee of $8,703.87 and in 2023 it should pay $20,374.96.
With the application of the cap, you will pay $16,015.13.
The tax valuation of a Ford KA 1.5 SEL+ L/17 2020 in 2022 was $1,675,990 and this year it reaches $3,635,261, 117% more.
Last year it paid a patent fee of $9,832.47 and in 2023 it should pay $21,326.86.
With the application of the cap, you will pay $18,091.75.
On the other hand, for the advance payment of the patent
a discount of 10%
will be applied .
A 10% bonus will also be applied for having paid on time in 2022. It will be applied to each of the bimonthly installments of 2023, if they are also paid on time, and only for individuals, domains correctly titled and that do not register debt overdue
Finally, those who adopt the automatic debit system will have a bonus of 50% of the last bimonthly installment.
In this case, only for individuals who have received the bonus for good payment compliance and correctly titled domains.
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