Considering the dollar exchange rate of Banco Nación, which this Tuesday closed at $157 for sale, if you add the PAIS Tax (30%), the collection on account of Profits (45%) and the collection of 25% on account of Personal Assets, the value of the operation for dollar will be $314.
Consumption worth less than US$300 per month will continue to pay the exchange rate of US$276 currently in force, corresponding to the official exchange rate plus the PAIS Tax and the withholding of 45% Income Tax.
The objective of the measure -which will come into force this Wednesday after its publication in the Official Gazette- is to avoid the establishment of quotas and favor market access for the importation of intermediate or necessary goods for local production, at the same time as makes access more expensive for non-essential activities and for a small segment of the population.
In this sense, some 3 million people made consumption with a card in dollars last August, of which 2.8 million made expenses for less than US$300 in the month, at an average of US$22 dollars each -equivalent to 19% of the total monthly card expenses.
While 200,000 people spent more than US$300 -for an average amount of US$1,314, equivalent to 81% of total card spending-.
Finally, Services contracted abroad for recreation and artistic activities such as recitals, sports activities, among other entertainment expenses, must pay the 30% country tax to transfer dollars abroad.
Dollar card: key questions
– From when will the regulations apply?
It applies to purchases and contracts made after Wednesday, October 12. BCRA and AFIP will adjust their regulations on Tuesday.
– How much will the Qatari dollar cost?
The exchange rate will be $314. This quote will be applied when consumption exceeds US$300 per month and on the total consumed, official sources informed Ámbito.
– Do these measures reach the consumption of Netflix and similar platforms?
These regulations does not include consumption less than 300 dollars per monthand also explicitly leaves digital streaming platforms.
– What will happen to operations carried out prior to October 12?
Purchases with a card, ticket or transaction made prior to the entry into force of the new measures remain the same.
– What about the dollar savings?
Savings dollar remains the same.
– What will happen with the application of the tax on land tickets to neighboring countries?
The country tax will not apply for land tickets to neighboring countries.
– What will happen with the purchase of goods necessary for production?
They will not be affected.
– What are considered sumptuary or luxury goods?
They are mostly in the annex of the Central Bank with 365-day foreign exchange transfer. EXAMPLES: high-end vehicles, private jets and small planes, recreational boats, premium alcoholic beverages, watches, precious stones, slot machines and cryptocurrency mining machines.
– Will artists receive income tax withholding?
Yes, they will receive the withholding.
Source: Ambito
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