As of June, the taxable base for the 0km

Until last January, every three months, the expectation of the sector automotive was focused on the update of the tax base of the tax to “luxury.” This fact was key to knowing what would happen with the prices of a large number of models that were affected by that tribute or “stopped” not to pay it.

The quarterly adjustment determined the amounts of the taxable bases for the two tax stripes that existed.

The National Government ordered, at the beginning of this year, to eliminate the first scale and leave, only the second that remained in the amount of $ 57,251,826.92 of limit fiscal value so as not to pay.

This amount, implies for public price, about $ 75,000,000. That is, the 0km above that price must pay an aliquot of 18% internal tax.

As of June 1, this second scale will be updated with the adjustment of the wholesale inflation of the price of the 0km of the quarter January – March. The data of this last month was known last Thursday. In that period, the index that the INDEC was 3.7%.

In this way, the new tax base will be $ 59,370,144 and will make the 0KM of more than $ 78,000,000 pay the tax. This value is relative since it depends on the form of calculation and the moment of payment of this tax that the importer or manufacturer does, but it is an orientative price.

Obviously, it is a very small segment of the market that will be reached -that of the most expensive cars -but as this medium came always informing what happened with this tax, when it affected much of the offer, it is also worth spreading this data, although it is already less importance.

The evolution of the “luxury” tax ceased to be a topic of great interest

The so -called “luxury tax” until January was divided into two sections: the first of 20% (with an effective charge of 25%), which affects vehicles whose sale price to the public exceeds $ 40,500,000. The second section reached 35% (with an effective incidence of 54%) for models whose price exceeds $ 90,000,000.

However, pick-ups and utilitarians, considered work vehicles, are exempt from this tax. Some of the models that were within the first category included the Toyota SW4, Ford Bronco Sport, Volkswagen Taos Highline and Tiguan, among others.

In Argentina, more than half of the price of a car is made up of taxes. The high tax burden that affects the 0KM car market not only impacts unport vehicles, but also those manufactured locally. As cars incorporate more equipment and characteristics, taxes to be paid also increase, resulting in higher prices than in other regions.

As a result of this tax accumulation, the final price of a car in Argentina is significantly increased. A vehicle produced locally has a tax load of 53.4% ​​if only VAT is considered. This figure increases to 74.9% if the first section of the internal tax was applied, and could reach up to 99.7% if the second luxury tax scale is paid.