“Already 15 days ago we took a series of measures that aimed to compensate and alleviate the damage that somehow generated this type of price change situations in the pockets of Argentinians,” Massa explained in response to the August inflation number about which he expressed: “The IMF decision to impose to Argentina, a product of that agreement signed in 2018 with President Macri, a 20% devaluation of our currency“We knew it was going to hit the pockets of all Argentine families.”
Who benefits from the VAT refund announced by Sergio Massa
- Retirees and Pensioners: 7 million.
- Universal Child Allowance (AUH): 2.5 million.
- Monotributistas of all categories (only the pure ones, that is, those who have no other income): 2.7 million.
- Employees at dependency relationship with income up to 6 SMVM (today at $118,000): 9 million.
- Workers of the Staff Regime Particular houses: 440 thousand.
How the VAT refund announced by Sergio Massa will work
Sergio Massa explained how the VAT refund: “When you make the purchase with the Debitat 48 hours They will be automatically credited with the return of this program called Buy without VAT and that represents the return of the entire VAT in the products of the basic basket“.
“Each worker and each retiree will have, throughout the month or in the different purchases they make, a return within 48 hours after making the purchase with the debit card up to $18,800 throughout the monthwhich is what current legislation allows us today,” he said.
In that sense, he argued that “it is the more progressive measure What can we take into account? tax matter and, in addition, we make a tax effort based on give up other state expenses and to use extraordinary resources resulting from the incorporation of the new tax, which is the Country Taxin the resources of state collection“.
Finally, he reiterated that “You don’t have to do any paperwork, it’s automatic.it is automatically enabled at all shops, supermarkets and minimarkets, greengrocers, butchers, fruit shopswho sell this type of product, because it is concentrated for what it is food and drinks, fruits and vegetables and meat centrally, as well as the personal hygiene products and from the household basket”.
“I want to ask the businesses that use formal sales to don’t steal the profit of the VAT refund to the people. And to the workers, monotributistas, beneficiaries of the Universal Allowance, retirees and pensioners use your debit card because this gives them back purchasing power and at 48 hours They will have the money credited to their account. VAT refund without having to do no procedure”, he concluded.
Source: Ambito
