The greatest attraction for those who signed these bonds is that they quote below their technical value, so that the fork that uses them to cancel commitments to the Customs Collection and Control Agency (ARCA) can achieve financial performance.
The Bopreal Series 1 is a title with attributes for the market. It can be subscribed in pesos and its “strips” (sections) A, B and C are endowed with the cancellation of expired taxes by Arca for its technical value in dollars.
He Decree 72/2023 and the RG (AFIP) 5469 allow sections A, B and C of the Bopreal Series 1 work as a loan which can be used for the payment of any defeated tax whose collection, application and perception is in charge of the ark.
They cannot be used to Cancel contributions and contributions for the Social Security Regime, to the Regime of Social Works, quotas corresponding to the mandatory life insurance, fees to Labor Risk Insurers (ART), and tax on credits and debit in bank accounts, among other obligations.
Another attraction for the bopreal is that They have the possibility of requesting anticipated bailouts for dollar Linked for sections, for 20% of the capital in April 202520% in April 2026 and 30% in April 2027 (the remaining 30% was canceled in October 2027).
The Bopreal Computing It will be to its technical value applying the exchange rate that is greater between the communication “A” 3500/2002 BCRA and the resulting financial of the purchase sale of titles, according to Arca at the time.
The Brepreal Serie I Class A (BPOA7) is a public title of the BCRA issued in dollars with a fixed rate rescued in 5% annual pesos with expiration date on 10/31/2027. His technical value is about US $ 101.93 with a residual value of 100%. Currently quote some $ 126,190 which represents a parity of the order of 96.16% with respect to the CCL.
Series B bonds can be used only within a year to pay taxes and class C in April 2027.
What would be the fiscal cost
According to data from the Central Bank at the time of tenders that were carried out throughout last year, of the first series About US $ 5,000 million were issued, including the 1D series, that cannot be used to cancel tax debt.
If used US $1 billion To cancel commitments to Arca, the potential Loss of tax collection would be between $ 1,071 billion up to $ 1.3 billion to current A3500 and CCL contributions.
Former customs head Guillermo Michel said that the company he has in his Bapreal possession It will use “the implicit exchange rate that proves to average the sale of eligible public titles acquired with liquidation in foreign currency with transfer in the local square and sold with liquidation in local currency during the 5 business days before each reference date ”.
“So, An importer to pay for your taxes will do it with the Bopreal, but applying not the official exchange rate, but that of the CCL “, The former official affirms.
Source: Ambito
