Dollar: the Government suspended the Country Tax for the importation of pickups and trucks

In October of last year, it was determined that the tax included the purchase of banknotes and currency in foreign currency carried out by residents in the country for the payment of obligations for the importation of merchandise included in the tariff positions of the Common Nomenclature of the Mercosur (NCM).

These positions corresponded to luxury goods concentrated in users with high purchasing power and who demand the acquisition of foreign currency for issues unrelated to any national productive chain, as well as vehicles that, due to their configuration, are not designed for any use other than the transport of goods.

However, the Government now determined to “suspend the aforementioned tax for those vehicles included in the aforementioned tariff items, as long as they are pick-up trucks, vans, vans or rigid trucks, designed for a maximum of three passengers, on the same line, including the driver, regardless of its value”.

What is country tax: who pays it and what does it include?

He Tax for an Inclusive and Solidarity Argentinapopularly known as COUNTRY taxis an emergency tax created in 2019 by the Government of Alberto Fernández that taxes certain operations in foreign currency.

This tax was developed due to the lack of dollars. This tax sought to discourage the purchase and spending in foreign currency for a period of five fiscal periods.

The proceeds from this tax are distributed in two ways:

• First of all, a 70% It is intended to finance programs run by Anses and PAMI.
• On the other hand, the 30% The remainder is used to finance construction works. social housingfrom the Socio-Urban Integration Fund trust (FIS)PAMI benefits, works of economic infrastructure and promotion of tourism national.

The solidarity dollar or tourist dollar has the COUNTRY Tax.

The operations achieved are the following:

• Purchase of foreign currency for savings, including traveler’s checks. The tax is not paid in the case of payment of debts and obligations.
• Purchases with credit and debit cards, the latter when the account from which the funds are debited is in Argentine pesos.
• Payments for goods or services abroad with credit or debit cards in the case of pesos, and foreign currency withdrawals when they are from an account in pesos.
• Payment of transportation services abroad, except those to neighboring countries.

What are the exceptions:

• The expenses related to benefits of health I medicines.
• The expenses associated with projects investigationas long as they are carried out by researchers who work in the sphere of the national, provincial, municipal state or the Autonomous City of Buenos Aires.
• Purchases abroad of equipment materials and other goods for the fire fighting and civil protection of the population by entities recognized in the Volunteer Firefighter Law, security forces and non-profit entities.
• Ticket purchases for trips to neighboring countriesas long as it is for land route.
• Purchase of passenger transport services destined for the Falkland Islands, South Georgia and the South Sandwich Islands.
• Purchase of foreign currency, by individuals residing in the country with money from a mortgage loan, either from the Procrear Program or from local financial institutions, destined for a single, family home and permanent occupation. The amount excluded is the maximum number from the loan or $100,000, whichever is less.

Now, the import of pickups and trucks will be included in these exceptions.