And “that as a result of the evolution of the reference rates for financing with credit cards and personal loans, as well as the trajectory of the prices and the growth of the “NOW 12″ Program, it is appropriate to modify the planned financial conditions”.
However, it clarifies that “even with the incorporation of the proposed modifications, the planned financing rate continues to be a stimulus for the promotion of sales of locally manufactured products, and therefore, being convenient for both suppliers and businesses, as well as for consumers”.
Resolution 404/2022 establishes:
THE SECRETARY OF DOMESTIC TRADE
RESOLVES:
ARTICLE 1.- Subparagraphs (vii), (viii) and (ix) of Point 6.4 of the Unified Regulations of the Program for the Promotion of Consumption and the Production of Goods and Services “NOW 12”, Annex I to Resolution No. 282 dated March 30, 2021 of the SECRETARIAT OF INTERNAL TRADE of the MINISTRY OF PRODUCTIVE DEVELOPMENT and its amendments, by the following:
“(vii) The “Supplier(s) and/or Merchant(s)” in operations carried out through credit cards will charge within a period of up to TEN (10) business days, for sales made with the THREE mode ( 3) quotas for categories (ii), (iii), (v), (vi), (x), (xi), (xii), (xiii), (xiv), (xviii), (xx), (xxi), (xxii), (xxiv), (xxv), (xxvi), (xxvii), (xxviii), (xxix) and (xxx) of Points 5.1 and 5.2 of these Regulations, with the application of a maximum discount rate of FOUR POINT ZERO SIX PERCENT (4.06%).”
“(viii) The “Supplier(s) and/or Merchant(s)” in operations carried out through credit cards will charge within a period of up to TEN (10) business days, for sales made with the SIX modality ( 6) fees for categories (ii), (iii), (v), (vi), (viii), (x), (xi), (xii), (xiii), (xiv), (xviii), (xx), (xxi), (xxii), (xxiv), (xxv), (xxvi), (xxvii), (xxviii), (xxix) and (xxx) of Points 5.1 and 5.2 of these Regulations, with the application of a maximum discount rate of SEVEN POINT EIGHTY ONE PERCENT (7.81%).”
“(ix) The “Supplier(s) and/or Merchant(s)” in operations carried out through credit cards may choose:
a) Collect within a period of SIXTY (60) calendar days with a maximum discount rate of ELEVEN POINT THIRTY-THREE PERCENT (11.33%) directly or within a period of up to TEN (10) business days with a maximum rate discount of FOURTEEN POINT SEVENTY-THREE PER CENT (14.73%) direct, for sales made with the TWELVE (12) installments modality.
b) Collect within a period of SIXTY (60) calendar days with a maximum discount rate of NINETEEN POINT NINETY-NINE PERCENT (19.99%) directly or within a period of up to TEN (10) business days with a maximum rate discount of TWENTY-THREE POINT FIFTY-SIX PERCENT (23.56%) direct, for sales made with the modality EIGHTEEN (18) installments.
c) Collect within a period of SIXTY (60) calendar days with a maximum discount rate of TWENTY-SIX POINT THIRTY-SIX PERCENT (26.36%) directly or within a period of up to TEN (10) business days with a maximum rate discount of TWENTY-NINE POINT SIXTY-EIGHT (29.68%) direct, for sales made with the modality TWENTY-FOUR (24) installments.”
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
