Arba will begin to apply withholdings on virtual wallets, a measure that, they assure, seeks to order the tax scheme without creating an additional tax. Because?
The decision of Arba To apply withholdings in the operations carried out through virtual wallets, it generated both uncertainty and discomfort between users, merchants and taxpayers in a context where fiscal pressure is already one of the main claims of the private sector. However, from the collection agency itself they came out to clarify that it is not an extra tax, but a Modality of early perception of gross income. In other words, the measure seeks to align the tax system of these platforms with what has happened long ago in banks and credit cards.
Digital wallets like Payment Market, Ulá or Orange X They concentrate more and more operations and, until now, an important part of these transactions was outside the control mechanisms. “It is not an additional load, it is to put equal conditions to all means of payment”, Explained from the organism.
Virtual wallet
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Withholdings in virtual wallets: Sircupa and Sortac
The system that will be applied is known as SIRUPAacronym for collection system and control of accreditations in payment accounts. His direct antecedent is the SIRACTwhich works similarly but on debit and credit cards. Both are administered by the Arbitration Commission of the Multilateral Agreementthe agency that coordinates the collection between the provinces.
The SIRUPA began to be implemented in 2021 and today It is already applied in 20 jurisdictions. Its logic is simple: when a trade receives accreditations in its virtual wallet, the payment service provider (PSP) informs the system and applies the corresponding retention.
A concrete example helps to understand it. If a $ 100,000 invoice kiosk in the month through payments with QR, the virtual wallet will report these operations and, if the aliquot defined by the province is 1.5%, $ 1,500 will be deducted. The merchant will receive $ 98,500 and $ 1,500 will remain as a gross income account.
The system acts as a Early collection which is then compensated when paying taxes. It is not paid more than it already corresponds, although the experience shows that sometimes balances can be generated in favor.
Arba
How much will retention be in practice?
Aliquots are not fixed: Each province defines its percentages and conditions. In general, the values range from 0.5% to 2.5%, depending on the activity and jurisdiction where the taxpayer operates. There are also minimal to prevent small operations from being too affected. The idea is, to prevent retentions from becoming a kind of punishment for compliant taxpayers.
The objective in part is also to return liquidity to both SMEs and professionals. And although in practice discounts can generate discomfort between users and merchants, specialists note that It’s not about paying something newbut to advance part of what was already provided in the gross income regime.
Source: Ambito
