The transfer fee will be reduced to 1%, and the issuance of vehicle identification cards, titles, license plates and certification of up to two signatures will no longer be charged. The procedures may also be carried out in any jurisdiction.
The Government continues its crusade against the Vehicle Records. In a new development, after the closure of dozens of these, now announced a reduction in taxes and that buyers and sellers will be able to freely choose where to do their paperwork.
“With the aim of reducing the cost of living for Argentines, We have reduced the transfer fee to 1%, and there will no longer be a charge for issuing vehicle identification cards, titles, license plates, or the certification of up to two signatures. As a result, more than $36 billion pesos a year are returned to the pockets of Argentines.“, the Ministry of Justice said in a statement.
It also grants “every citizen has the freedom to choose the Vehicle Registry that best suits their needs, without being tied to a fixed jurisdiction.”
In this regard, the Minister of Justice, Mariano Cúneo Libarona, said that “President Javier Milei came to take the burden of the State away from good Argentines and we are doing it. From the Ministry of Justice we lowered the cost of transferring cars, now the tariff is 1%.”
He added that “The user will be given the title, the green card, the patent and the two certified signatures”. The measure is applicable to national or imported cars. The Minister said that “as a result, more than $36,000 million pesos return to the pockets of Argentines every year”. He also stated that “from now on, Argentines are free to decide which vehicle registry to do their paperwork at, the State no longer forces them to go to a specific one”.
He also announced the creation of the Single Digital File (LDU), which involves the digitalization of the files of the Motor Vehicle Registries and means a monthly saving for the State of 1.3 billion pesos per month in mail transfer costs. The minister pointed out that “in the 21st century it is unheard of that the entire process is done on paper, with the costs and transfer time that this implies.”
Finally, he indicated that “a maximum limit has been established for the profits that those in charge of vehicle registrations can earn” and that “this is one more step towards ending the registration racket.”
Source: Ambito
