Dollar: how the collection of the Country Tax is applied in each case

Dollar: how the collection of the Country Tax is applied in each case

The body in charge of Carlos Castagneto regulated the expansion of the tax on the purchase of foreign currency for hoarding “or without a specific destination.”

The Federal Administration of Public Revenues(AFIP), through the Resolution 5393/2023 published this Tuesday, July 25 in the Official bulletinthe new regulations for the collection of Tax for an Inclusive and Solidarity Argentina (COUNTRY).

According to the official text in his article 2the items that No will be reached by the new tax percentage are:

  • Health and Education, exempt by article 36 of Law 27,541.
  • Recitals (maintains 30%).
  • Freight, which has a rate of 7.5%.

In addition, significant changes were made to the rate applicable to different goodskeeping the percentage of the 7.5% for most of them, including inputs for the agricultural sector. Nevertheless, exceptions were established for some specific products:

  • Medicines and material intended to fight fires, which continue to be exempt from taxes as established in article 36 of Law 27,541.
  • Luxury goods, which are already subject to a 30% tax.
  • Fuels, lubricants, goods related to power generation, as well as inputs and intermediate goods linked to the Basic Food Basket (CBA).

These exceptions represent a significant modification in the application of the aliquot, maintaining a tax structure specific to each type of asset.

Dollar savings and dollar Card: equal to equal

Through the paragraph of article 2, the AFIP implemented a modification that directly affects the application of the lien on the total amount of the purchase of banknotes and currencies in foreign currency. In this change, the total amount of the purchase is considered regardless of the amount of services that may be involved and that may be subject to lien.

With this new measure, both the solidarity dollar as the dollar Card (card with a limit of up to US$300 per month) are subject to a tax of the 30% COUNTRY Tax and 45% Earnings Perception.

It is important to note that this modification may have a significant impact on the economy of those who make purchases in foreign currency, since it implies a considerable increase in the taxes associated with these operations. It is necessary to be attentive to the latest news and regulations of the AFIP to stay informed about current tax obligations.


Source: Ambito

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