After several days of trading, The Government reached an agreement with the automakers to freeze the prices of some 0 km models for 60 days. There will be at least one model per brand and of national or imported origin. The rest of the vehicles will have the adjustment provided by each brand.
In exchange for this agreement, the Government has already begun to release the SIRA to be able to import cars. These import permits had not been granted for more than two months and the market was aggravating its shortage.
The signing of this agreement also allows us to unlock the problem that existed with the entry into force of the changes to the “luxury” tax, which should have come into effect last Friday. Among the models that join this “Fair Prices” program there will be versions of the pickups, such as Frontier S 4×2 manual and Ranger, Toyota Yaris XLS, Fiat Cronos Like, the Berlingo and Partner utilities, and the Volkswagen Polo Track 1° Edition.
The negotiation that the Government carried out with the automotive companies to agree on a cap on the increase in 0 km began last week, as Ámbito announced last Friday. In exchange, it was agreed to start releasing permits to import as well as the updating of the tax base on which the “luxury” tax is calculated.
For these two reasons, since the beginning of September there was no current official price list and the concessionaires were operating with estimated adjustments. Some terminals sent the new lists to their network last Friday, believing that the increase in the “luxury” tax base would take effect, but since the resolution did not appear, they had to back down.
In practice, the only segment that has current prices is that of pickups, which do not pay Internal Tax. In this case, the increases of the different brands were between 12% and 15%. In the case of imported models or
nationals that pay or were about to pay that tax, sellers handled increases of around 7%, for the cases of brands that in August had made two increases in the month, as a consequence of the post-PASO devaluation, or around of 15%, for those who maintained the same values throughout the month.
The concrete thing is that, in the market, it was operated with “estimated” prices. The update of the tax base of the Internal Tax that had to be in force since the beginning of September. This adjustment, based on the sector’s wholesale price index, is applied quarterly and, in this case, it was 24%. In this way, for the price to the public, the models of more than $10,500,000 will begin to pay. Until Thursday they paid for 0 km of around $8,400,000.
For this reason, there are numerous models that are “capped” under that price to avoid paying the internal tax. The increase in the taxable base is key since it will allow adjusting prices and accommodating the value of the 0 km that today are distorted so as not to pay taxes.
Source: Ambito
