This is the advance payment of 95% of the tax that foreign trade operators have to advance when they declare their operations. It is in line with the completion of the tax within a month.
The Customs Collection and Control Agency (ARCA) Starting this Tuesday, you will no longer receive the advance payment of 95% of the PAIS Tax that importers pay when they declare an import. YesIt is because in a month, on December 23, the tax will cease to exist, Therefore, it would be illegal for the treasury to try to collect an advance on a tax that will not exist when the taxable event is perfected, that is, the purchase of dollars.
ARCA anticipated that the measure It will be known this Tuesday with the publication in the Official Gazette, and it is a series of other provisions aimed at normalizing the flow of foreign trade dollars. It is worth remembering that in the last two months the government went from a payment scheme in 4 monthly installments to one of only one month for all products.
In one of the last measures adopted by the treasury authorities, it was also established that companies that had declared imports and that had advanced 95% of the tax They will go in to buy the dollars to pay abroad before December 23.
In the case of imports, the Tax was anticipated almost everything before the company could what is technically called “perfect the taxable event”. It must be kept in mind that this is a tax on the purchase of official dollars, not on imports. That’s why everything new
That is why from now until the moment the tax expiresOnly the remaining 5% of companies that have already declared their operations and paid the advance will continue to pay.
A remaining debt
There are cases of importers whoThis year they have paid advances when the tax rate was 17.5% and at the time of purchasing the dollars to pay abroad the rate had dropped to 7.5%. In that case, the Chamber of Importers of the Argentine Republic (CIRA) points out that there are numerous claims for the return of overpaid money.
On October 21, the Central Bank determined that the import payment scheme would go from 60 days to 30 days and thus unified all maturities. There would be no cases of companies that, having paid the advance, have to buy the dollars after the PAIS Tax ends.
Making imports cheaper
However, by eliminating the tax, the opposite effect to that sought when the tax was introduced is being generated: This is a fiscal revaluation of the peso, which will encourage purchases abroad. Although on the one hand it covers capital goods and inputs, which make up 70% of total purchases, it will also facilitate the entry of finished goods.
What is certain is that once the fiscal cost disappears, prices in the economy will slow down a little more. With the reduction from 17.5% to 7.5% two months ago, a favorable effect was already seen on the general CPI.
Source: Ambito
