Dollar at $340 for regional economies and corn and PAIS tax of 7.5% on imports

Dollar at 0 for regional economies and corn and PAIS tax of 7.5% on imports

Within the framework of the negotiations with the International Monetary Fund, the Ministry of Economy took a series of measures whose main objective is to strengthen the reserves of the Central Bank and improve tax revenues.

is established a dollar of $340 for the Regional Economies and corn for all those exports liquidated until August 31, 2023. The government estimates to achieve a liquidation of the order of US$ 2,000 million

Likewise, different aliquots are established for imports through the Country Tax range from 7.5% to 25%.

The Solidarity dollar and the Card will equalize their value when applying the perception of the Country Tax and advance of Earnings.

Likewise, it was established, with the intention of reinforcing tax collection, the extraordinary advance of the Income Tax of 193 large taxpayers released this Friday.

Solidarity Dollar and Dollar Card

So much for him dollar Solidarity like the dollar Card (card up to USD 300 per month) its value will be determined by an additional 30% of COUNTRY Tax to which is added 45% of Earnings Perception.

This Friday the price of the Solidarity dollar was located at $462 while the Card dollar at $490.

The dollar will remain Qatar for consumption over u$s 300 per month.

It is estimated that some 900,000 people purchase the Solidarity dollar for an amount of US$150 per month.

imports

Services

The government made the decision to establish different rates to increase the value of the exchange rate for imports.

Through the application of Country Tax establishes that all services will have an increase of 25% except for freight, whose rate will be 7.5%, and Health and Education that are exempt by article 36 of Law 27,541.

Recitals are also excluded from this new regulation because they are already reached with an additional 30%.

Banks will be the ones withholding the tax when importers access the MLC. It should be noted that this provision does not apply if you pay with your own dollars.

In this regard, the economist Jorge Vasconcelos points out in the IERAL report that “since December 2021, the price of imported products increased 227% until June 2023, while the official exchange rate did so by 144% and the CCL by 135.1%. The implicit exchange rate for imported products would then be $320, a gap of 20.3% over the official exchange rate.

Estate

In the case of imports of goods It is generalized in the rate of 7.5% corresponding to the Country tax. The perception will also be applied to all imports including income to the Free Zone and Tierra del Fuego.

The following are exempt from paying the Country Tax:

  • Medicines and material to fight fire, exempt by article 36 of Law 27,541.
  • Those luxury products, which already pay 30%,
  • Fuels, lubricants and energy
  • Inputs linked to the basic food basket, will continue without paying the Country Tax.

The tax will be collected by the banks when the importers access the MULC.

In all cases these provisions do not apply if they are paid with their own dollars.

temporary

Imports that generate exports, such as soybeans and the automotive sector, will not be affected.

Meanwhile, the temporary imports of Decree 1330/2004 and Decree 688/2002 (RAF scheme) of automobiles remain outside the scope of the PAIS Tax only if the “payment” of the import is made after the “collection” of the related export and/or pre-financing with own funds.

The temporary import regime establishes that the entry into the country of merchandise for a limited time and with a specific purpose, provided that they return abroad.

For its implementation, a register will be created with the companies that request this benefit.

Return

The Tax Relief of the Income Tax for Workers provided for an increase in the scales of 35%. It was established that everything withheld in excess as a result of this benefit It is returned in September and October.

Meanwhile, this Friday the resolution of the AFIP by which it was established an extraordinary advance calculated on the affidavits submitted corresponding to the fiscal period 2022 that will be applied only to 193 large contributors.

These 193 taxpayers have a tax result before tax losses greater than $600 million. The AFIP established that the payment on account is 15% of the Tax result.

This advance covers large companies including mining, wind, banking entities, among other items.

Source: Ambito

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