Seeking to ensure that the financing rate continues below market levels, the Ministry of Commerce made a new decision for the program encouraging consumption.
The Secretary of Commerce commanded by Pablo Lavigne eliminated the caps established on the program’s financing amounts Simple Fee for four items: these are Motorcycles, Glasses and Contact Lenses, Medical Equipment and Cultural Shows and Events.
According to Resolution 99/2024 published in the Official Gazette, the objective is that “the planned financing rate of the program continues below market levels, boosting sales of locally manufactured products and, therefore, being convenient for suppliers and businesses, as well as consumers. In view of the aforementioned and for the purposes of continue promoting the spontaneous interaction of supply and demand as a way of organizing and reactivating the economy,” the statement explained.
The measure will be effective from June 1and it is also remembered that the option of 9 to 12 installments will be available with a nominal annual rate of 40%.
What is Simple Fee
Simple Fee is a government program that allows consumers to finance fixed installments the purchase of certain products and services in participating businesses throughout the country, both online as well as in stores identified by the program graph, with all the Credit cards that the trade has. Includes a wide variety of items: from optical products to bookstore items, bicycles, footwear and leather goods, computers, mattresses, entertainment and clothing, among others.
The perspective is that the drop in interest rates and the return of 12 installments will generate a strong increase in credit card operations. According to a recent report, the Credit card consumption continues to grow steadily and the most used financing option is the 6 installments, representing almost 90%.
Simple fee: what items are included
The assets of National Production and the services provided in the territory of the ARGENTINE REPUBLIC, included in the categories detailed below:
- White line. It only includes the following products: air conditioners, air and/or ventilation conditioners, dishwashers, washing machines and dryers, kitchens, ovens and stoves, heaters and stoves, hot water tanks and water heaters, refrigerators, freezers and freezers.
- Dress. It includes the following products: clothing for men, women and children (includes work clothing, sports clothing, everyday clothing and all types of clothing accessories), as well as jewelry and watches.
- Footwear and Leather Goods. It includes the following products: sports and non-sports footwear, wallets, suitcases, handbags and leather goods made of leather and other materials.
- Cell phones with 4G and 5G technology.
- Furniture. Includes all home furniture.
- bikes. It includes all types of bicycles, including electric bicycles, their parts and/or pieces.
- Motorcycles.
- Educational services. It includes language courses, computer-related courses, sports and cultural activities. Does not include schools or universities.
- Mattresses. Includes mattresses and box springs.
- Books. Includes school texts and books.
- Glasses and Contact Lenses. Includes prescription glasses and contact lenses, purchased at optical stores.
- Library items. Includes school library items (notebooks, stationery, pencils, pens, backpacks, pencil cases, labels, among others).
- Toys and Board Games. Includes all products.
- Technical Services for Electronics and Home Appliances.
- Tiresaccessories, vehicle conversion kit to CNG gas and spare parts for automobiles and motorcycles.
- Musical instruments.
- Computers, Notebooks and Tablets.
- Illumination artifactsincluding electrical lighting fixtures with LED (light emitting diode) technology.
- Televisions and monitors.
- Perfumery. It includes cosmetics, personal care and perfume products.
- Small Appliances.
- Sports preparation services, including gyms.
- Medical equipment. It includes the instruments detailed below: Respiratory therapy equipment (oxygen therapy devices, aerosol therapy devices – nebulizers -); Furniture (orthopedic beds, Bathing aids: bathing chairs, transfer chairs, grab bars); Wheelchair; Orthoses, orthopedics and their parts (Prostheses for amputees, custom valves, custom orthoses, insoles, custom corsets, walkers, canes, crutches).
- Machinery and Tools. It includes drills, angle grinders, sanders, polishers, saws, coated electrode welders, TIG system welders, MIG-MAG system welders and vises.
- Shows and cultural events. It includes plays and concerts by national artists.
- Durable kitchen items. It includes pots, saucepans, pans and griddles, all made of aluminum.
- Automotive Vehicle and Motorcycle Repair Services.
- Kit for home connection to public water and sewer services.
- Tourism. It includes the following services and/or products to be provided entirely within the National Territory: long-distance bus tickets, air tickets, hotels and other tourist accommodations, tourist packages acquired through travel agencies, rental cars, excursions and activities recreational, and regional products.
- Materials and Tools for Construction. It includes the following products: sand, cement, lime, plaster, bricks, iron, sheet metal, openings, wood, ceramics, sanitary ware, pipes, pipes and their connectors, taps, membranes, tiles, paint, glass, hardware, wooden floors, tanks, couplings, couplings, plugs and work tools.
- Personal care services. Includes hairdressers and beauty centers.
- Organization services for Events and Commercial Exhibitions. Includes catering and photography.
- Alarm installation services.
- Kit for connection to satellite internet services.
- Electronic security. It includes video surveillance cameras, closed circuit and monitoring systems, and installation of security circuits.
Source: Ambito
