Measure “Buy without VAT” was presented by Massa in the Ministry of Economy and aims to alleviate the burden of this tax on the food basket, to “consolidate a more progressive tax system.”
In the presentation of the measure, the Minister of Economy and presidential candidate, Sergio Massa, announced the scope for monotributistas and other groups: “We continue with the return to the 7 million retirees and pensioners of the Social Security System of the Argentine Republic. We have also incorporated into the benefit the 2.3 million monotributistas“.
Monotributistas: how the VAT refund applies
In the case of monotributistas, they will be able to access the benefit of the purchases without VAT the belonging to all categories. However, only cigars will benefit, that is, those who have no other income.
In this way, it is expected that the benefit in the purchases of meat, grains, dairy products, flour, bread, vegetables and other foods reach a total of 2,700,000 monotributistas of all country.
The measures will come into force from this Monday until December 31, although the national government has already advanced the presentation of a project to extend the VAT refund until 2024 with a amount of up to $23,000 per month. Furthermore, from the economic portfolio they clarified that the benefit is automatic, so the workers They should not initiate any procedure.
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How the VAT refund will work
According to the head of the economic portfolio, “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 added in more detail.
Source: Ambito
