The Minister of Economy announced that the tax reduction will focus on the import of goods and freight. For the moment, expenses abroad will not be affected.
The Minister of Economy, Luis Caputo, He announced that next Monday the tax rate will be reduced. COUNTRY TAX from 17.5% to 7.5%. The reduction will impact the commercial dollar for imports of goods and freight. For the moment, spending abroad will not be affected.
Although there was initially speculation that the reduction would also include tourism expenses abroadthe minister made it clear that, at least for the moment, will be limited to the importation of goods and freight. So the reduction for packages and international travel will have to wait.
“Important! Starting Monday, September 2, the Country Tax rate for the import of goods and freight will be will go back from 17.5% to 7.5%“We promised and we fulfilled!” he announced tonight. Caputo, who in June had announced the decision to reverse the increase that has been in effect since December 2023.
Dollar card and trips abroad will continue to be taxed at 60%
He tourist dollar For consumption with foreign suppliers, the rate will not be affected by the reduction, so it will continue to be quoted above $1,500 according to the retail exchange rate of Banco Nación, with a tax burden of 60%. This value is more expensive than the blue dollar at $1,355 pesos and more expensive than the MEP.
The tax burden that currently governs the tourist dollar is as follows: The retail exchange rate of each consumer’s bank is subject to a 30% surcharge on the retail dollar from the Nation as a PAIS tax and another 30% as a tax on Income or Personal Property. Neither of these two extras, at least as announced so far, will disappear in September.
According to the National Institute of Statistics and Census (INDEC) on Monday, during July, the peak season for winter tourism, 959,000 visitors entered the country, but only 1,190,400 residents left, leaving the tourism sector with a negative balance of 231,400 travelers. A reduction in the tax rate for tourism expenses abroad could have a strong impact on the BCRA’s depleted reserves.
Source: Ambito
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