The Government decided to start applying the PAIS Tax at imports of free zones. This was made official through decree 14/2024 published in Official bulletin.
This is the tax that taxes the purchase operations of dollar and will apply to imports intended for consumption, including those found in the province of Land of FireAntarctica and South Atlantic Islands.
The measure will take effect starting today and was signed by the chief of staff, Nicolas Posse and the Minister of Economy Luis Caputo.
COUNTRY tax: what is the objective
As established in the document, the objective of applying this tax is to stipulate the growth of productive export activity.
It is worth remembering that Land of Fire, one of the free zones, still maintains tax benefits at least until 2028, although with an annual reduction of 2.3% progressively.
The measure will take effect starting today and was signed by the chief of staff, Nicolas Posse and the Minister of Economy Luis Caputo.
Dollar: what is the weight of the PAIS tax in collection
2023 closed with a drop in collection of 8.2% in real terms. Specifically, the Government managed to pocket $42,981,821 million, registering a real drop of around 8.2%.
In the year that ended, the public revenue They grew below inflation and almost no taxes were saved from the debacle.
The exception was the COUNTRY tax, the one created by Alberto Fernández at the beginning of his presidency to make access to the dollar more expensive. Over four years, this tax gained weight and was extended to other operations.
This led to the fact that at the end of 2023, The PAIS tax will register an increase of 861.4%, which implies a real increase of 202.9%. The consulting firm ACM points out that “this is a product of the expansion of the tax base after the new tax provisions of the government at the end of July of that year.”
“This tax began to take on more and more importance for the treasury when it came to collection. During 2022, the PAIS Tax represented 0.4% of GDP while by 2023, that percentage would have risen to 0.8% , Going to double your collection in one year“, details ACM.
Source: Ambito
