Starting May 1, 0km with a retail price of more than $37,300,000 will be covered by the first scale of what is known as the “luxury” tax.
Through a resolution published this Wednesday in the Official Gazette, the AFIP confirmed the changes in Internal Taxes for cars that will take effect starting next month. Since May 1st, The 0km with a public price of more than $37,300,000 will be covered by the first scale of what is known as the “luxury” tax..
The data arises from the quarterly adjustment on the current tax base of $19,826,151 that is valid until the end of April and will go to $26,230,344 in wholesale price, that is, before 21% VAT and 15% of the tax commission. dealership.
This makes The public value is around $37,300,000although it is an estimated amount since it will depend on the method of paying taxes and the possibility of reducing the commission margin by sellers.
This value will be valid until May 31, when the next update occurs. Starting in June, a new base will govern that will be valid for three months and the quarterly adjustment will be normalized as required by law. An exception had been made in February due to the sharp increase in prices that had been recorded at the beginning of the year. Until the end of April, the 0km achieved by this tribute are those that have a public price of more than $28,200,000, approximately
The standard also determines the values that must be paid for motorcycles, boats and aircraft.
The update of the number for cars is a consequence of the 32.3% adjustment, corresponding to the increase in wholesale prices of vehicles in the January, February and March quarter. Due to the way the Internal Tax is calculated, the 20% rate, which corresponds to the first scale, is equivalent to a price increase of around 25%, which means that the models that are affected are out of the market. That is why brands tend to keep the 0 km that are around that price just below that limit to avoid paying the tax surcharge. If you look at the price lists, there are many “capped” models below $28,000,000.
In the case of the second scale, with a rate of 35%, the tax base will go from $36,602,000 to $48,425,253. To the public, the sale value is around $83,000,000
Source: Ambito
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