December 20, 2024 – 11:01
Starting Monday, the surcharge that has been applied for 5 years to operations in dollars ends. How will costs for consumption abroad change?
After 5 years of existence, the PAIS tax will cease to be in force on Monday, but the dollar card and the solidarity (or savings) will maintain a surcharge of the 30% in concept of perception on account of the Income Tax.
The decision implies that operations with foreign currency will be at a lower value starting Monday than until now.
Card dollar: the changes since this Monday due to the end of the PAIS tax
- What is the dollar card? The card dollar is the exchange rate that governs All Transactions (purchase of goods or services via credit or debit card) abroadincluding Netflix or Spotify.
- What changes with the end of the COUNTRY Tax? The Tax for an Inclusive and Solidarity Argentina -o COUNTRY– added, until December 22, a 30% to the value of the official dollar. It is a non-refundable tax. To this are added the perceptions of Profits and Personal Assets, so together 60% more expensive to the exchange rate. With its completion, surcharges are reduced by 30 points applied to the dollar card.
- How will the perceptions of the dollar card be? Since Monday, the perception applied to the card dollar will decrease from 60% to 30% corresponding only to the collection on account of Profits. This means less spending for those who consume in foreign currency, although it would still be the most expensive exchange rate on the market.
- How much is the card dollar going to cost with the purpose of the PAIS tax? With the end of the COUNTRY taxthe purchase of the official dollar for hoarding (solidarity dollar or savings) and expenses abroad (dollar card) will be more accessible from the December 23. At this Thursday’s price of the official dollar, The solidarity dollar would be reduced to about $1,355.25.
- How will it be convenient to pay for trips abroad? With the elimination of the COUNTRY Tax, The cost of tickets and tourist services abroad will decrease by 30%since this surcharge will no longer apply. However, a 30% collection on account of Income taxes will be maintained. Therefore, the “tourist dollar” will be cheaper than before, but will still include this additional surcharge. It is important to compare different payment options, such as MEP dollarwhich could offer a more favorable quote in some cases.
- What happens to purchases I made before the change? The purchases made before December 23, 2024 They will be subject to the regulations in force at the time of the transaction. Therefore, if you made purchases in dollars before that date, the corresponding 30% PAIS Tax will be applied. The elimination of the tax does not have retroactive effectso previous operations will not benefit from this change.
- Can you receive a refund of Earnings for card expenses abroad? The ARCA maintains the regime of return of 30% perceptionsgiven that these withholdings are as an “advance” of annual taxes. It occurs even when the PAIS tax is eliminated, the burden of which was not refundable. The perception regime reaches taxpayers who purchased official dollar or had expenses in dollars for the purchase of goods and services from abroad.
- Will there be changes in the procedure to request reimbursement of payments for card expenses abroad? As reported by the Customs Collection and Control Agency (ARK) -former AFIP-, the system of refunds of the perceptions for the purchase of the official dollar and of the foreign currency expenses (card dollar) will not have changes and continues in force in accordance with
Source: Ambito
