The Government deepens the flexibility of the stocks and raises the limit for purchases abroad for international shipments to $3,000. This was announced by presidential spokesperson Manuel Adorni.
The National Government announced a new relaxation of the stocks. In this case, it impacts the limit on eventual import shipments (courier).which will rise from u$s1,000 to US$3,000 per shipment for personal purchases, an amount similar to that of other countries in the region.
In addition, no tariffs will be paid for the first $400 dollars per shipment, as long as it is a good purchased for personal use. In these cases, the products will only pay VAT.
Cheaper imports
“As an example, a jacket that costs US$100 abroad today pays US$67 in taxes. With this measure, it will now pay US$21,” says the official statement. However, they clarified that this measure does not affect imports under the “door-to-door” mail regime, operated by official couriers, for which modifications will be announced in the coming weeks.
Through this measure, all Argentines will be able to access imported products with more competitive prices, especially those who do not have the opportunity to travel. Therefore, they will be able to bring clothes, toys and/or small appliances from abroad, highlights the Government.
On the other hand, companies will be able to more quickly import the supplies, spare parts and pieces that they urgently need for their production.
However, while it may be an advantage for the buyer, “the measure can harm various sectors of the economy local, since an importing economy will be promoted, that could be explosive”mentions the economist Federico Glustein.
Source: Ambito
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