From May, 0km of more than $37,300,000 will pay the luxury tax

From May, 0km of more than ,300,000 will pay the luxury tax

From that date on, units above that value will be covered by the first scale of the Internal Tax. The final amount will depend on the method of payment of taxes and a reduction in the sales commission.

Starting May 1st, 0km cars of more than $37,300,000 in public price will be reached by the first stopover of the Internal Taxaccording to information accessed Ambit.

The data arises from the quarterly adjustment that the AFIP will apply on the current tax base of $19,826,151 that is valid until the end of April and that will go to $26,229,997 in wholesale price, that is, before 21% VAT and 15% of the concessionaire’s commission.

This makes the public value around $37,300,000, although it is an estimated amount since it will depend on the method of paying taxes and the possibility of reducing the commission margin on the part of the sellers.

This value will be valid, in principle, until the end of July, when the next update occurs, unless the next government modifies this tax. Until the end of April, the 0km reached by this tribute, known as “luxury” tax, They are those that have a public price of more than $28,200,000, approximately.

The standard also determines the values ​​that must be paid for motorcycles, boats and aircraft.

The update of the number for cars is a consequence of the 32.3% adjustment, corresponding to the increase in wholesale prices of vehicles in the January, February and March quarter.

These had a strong increase during this period, especially due to the increase that occurred after the devaluation ordered by the government of Javier Milei.

Due to the way Internal Taxes are calculated, the 20% rate, which corresponds to the first scale, is equivalent to a price increase of around 25%, which means that the models that are affected are out of the market.

That is why brands tend to keep the 0km that are around that price just below that limit to avoid paying the tax surcharge.

If you look at the price lists, there are many “capped” models below $28,000,000. In the case of the second scale, with a rate of 35%, the tax base will go from $36,602,000 to $48,424,000. To the public, the sale value is around $83,000,000

In this way, the government would return to the quarterly update system. In January, it had brought forward the changes due to the sharp increase in prices due to the December devaluation.

Source: Ambito

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