To discourage spending abroad in dollars, the Ministry of Economy implemented an additional 25% collection on account of Personal Assets, in addition to the pre-existing withholding of 30% PAIS Tax and 45% Income Tax for consumption that exceed $300.
This measure has already had an immediate effect: a recent report by First Capital Group reveals that in October there was a 20% decrease in credit card operations in foreign currency as a result of limitations on purchases in installments – a measure that is already in force since the end of November of last year – to which was added a new tax on the exchange rate of an extra 25%, transforming it in the most expensive dollar on the market.
Qatar dollar: questions and answers
The qatar dollar It is made up of the Banco Nación exchange rate + country tax (30%) + collection on account of Profits and Personal Assets (45%) + new collection on account of Personal Assets (25%).
What are the spending limits for card consumption abroad?
The qatar dollar It will be applied to expenses and consumption in credit and/or debit cards, tickets abroad and purchase of tourist packages abroad in excess of US$300 per individual.
If I go over US$300, will I be charged with the new perception on all monthly consumption?
For those users who exceed the permitted ceiling of US$300, the tax will be applied to all of their monthly consumption.
How will it appear in the abstract?
The retention applies to total consumption and should appear in the summary. From AFIP they clarify that they are working to implement a system with the banks.
Can I request a refund of the new perception of Personal Assets per Qatar dollar?
The amount of the extra 25% of the new Qatari dollar may be requested as a refund from the Federal Administration of Public Revenue.
Is the $300 cap renewed every month?
Yes.
Source: Ambito
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