The latest government announcements regarding monetary policy They reconfigured the financial rules of the game that the administration had imposed, which still intensifies the deployment of its economic plan. Given this, and observing the latest behaviors of the BCRA reservesa leading economist of the PRO expressed his questions about the design of the current administration.
It is about Hernan Lacunzaformer Minister of Finance of the Nation during the government of Mauricio Macri and one of the leaders that the president of the PRO pointed out as a member of the political negotiation table with Freedom Advances. “ Charge in dollars and pay taxes in pesos, with a gap“He who today wants and can charge USD 1 MEP for his product, prices it at $1,169, charges in pesos and pays $203 VAT (21%)”, he introduced his explanation on social networks.
Then he asked: “If you can collect USD 1 cash or transfer, when you pay VAT to the official for $1,063, will you pay $185 (21%)?” “There is a lack of fine print – or I didn’t see it – (pay taxes in dollars? Settle taxes to the MEP? Difficult), otherwise the one who charges in dollars pays less taxes in pesos and the collection goes down.. I think,” he said.
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Charge in dollars and pay taxes in pesos, with a gap: whoever today wants and can charge USD 1 MEP for their product, prices it at $1,169, charges in pesos and pays $203 VAT (21%).
If you can collect USD 1 cash or transfer, when you pay VAT to the official $1,063 will you pay $185 (21%)?…— Hernán Lacunza (@hernanlacunza) January 17, 2025
Government announced that prices can be displayed in dollars and other currencies
The Ministry of Industry and Commerceunder the orbit of the Ministry of Economy, established a new regulatory provision that allows the display of prices of goods and services offered to the public “in dollars or in other foreign currency”.
He did it through Resolution 4/2025 published this Friday in the Official Gazette and in which it details that the main objective is to seek “greater transparency and clarity for consumers, adapting to new commercial practices and the current monetary context.”
The regulations highlight that although it is “mandatory” to show prices in pesosvalues can be included “in dollars or other currencies, with less relevance.”
The standard also provides that commercial establishments must indicate the price per unit of measurement, and that the shelf price coincides with that charged in checkout lines. “If the purchase is made through financing, the cash price, the quantity and amount of each of the installments, as well as the total effective annual financial cost (CFTEA) must be indicated.”says the official statement.
Add that those who offer services directly to the public that are provided from, to and abroad may comply with the provisions of the Resolution, displaying and advertising their prices in dollars.
Dollar: reserves hit January lows, despite BCRA purchases
He Central Bank (BCRA) It ended the day again with a positive balance in terms of currency purchases and sales in the MULC, adding another US$86 million. Thus, during the week it acquired, in net terms, US$599 million.
However, heGross international reserves fell US$191 million in daily terms and US$524 million compared to last Friday to close at US$30,515 million, the minimum of 2025. Payments to organizations, changes in quotes and “technical movements of the banks” were the causes of the decline, according to Ámbito.
Source: Ambito