Changes in the Qatar dollar: how does it impact tourism and what to take into account when traveling?

He qatar dollar fell last Tuesday, registering the only drop in its price level since its implementationin October 2022. And this was because, a day before, the Federal Administration of Public Revenues (AFIP) decided to reduce the perception on account of the personal property tax, that is included in the calculation of the price of the qatar dollar.

through the General Resolution 5403/2023the AFIP cut the perception of Personal property of the Qatari dollar and took her from 25% to 5%. In this way, after shooting up more than $132 last Monday morning 22% devaluation of the official exchange rate that the BCRA implemented last Monday and that had brought it up to $732, this Tuesday, it starred in a fall of $72.43, closed at $659.93below the value of the blue dollar, which is listed at $765.

That is why, after change applied by AFIP for the quote of the Qatar dollar, which is applied to the payment of expenses abroad with a credit card above US$300, it is more convenient for a traveler to pay with plastics than to do it in dollars tothe price of blue.

Thus, as indicated to Ambit the Economist Orlando Ferreres, President of OJF & Associates, the new measure “may work well and have a positive impact on tourism”, but he expects this to become even more noticeable after the October elections, if the measure is maintained. And it is that the current context of uncertainty makes it difficult to plan trips and, above all, abroad, given that the context is not very predictable and the possibilities of guaranteeing the ability to pay are complex for the argentinian tourist at the moment.

How can the change in the Qatar dollar impact tourism?

Let us remember that the dollar Qatar is calculated from the retail dollar, including 30% of the tax COUNTRY45% deductible from Income Tax and 5% on account of Personal Assets (previously it was 25%).

This exchange rate is used when making consumption abroad with debit and credit cards higher than $300 monthly per person. That is why the sector of the economy that most feels the ups and downs of said price it is tourism.

However, as he says Osvaldo Sorbaratravel advisor, to Ambitthis change does not represent a large fluctuation in demand for tourists traveling abroad for the sector, since it points out that “for those who can travel, this is not an impediment and, for those who cannot make ends meet, they will continue to be unable to travel”.

Thus, Sobrara points out that the dollar It could be $500 or $800 and it will be the same for those who do not have purchasing power how to choose one destination abroad.

However, the issue is different for those who, for example, have bought a ticket to travel to another country. As pointed out Gustavo Quintanafrom PR Operadores de Cambio, “all tax cutin this case, perceptions, is positive for the one who travels”.

And he considers that, on the other hand, it can be a positive measure for the dynamics of the Dolar blue also. “Also, when lowering the exchange rateQatar becomes more attractive than the informal one”, he points out. Consequently, he considers that this step by AFIP can reduce the pressure on the blue for this concept, since before it was convenient to buy in the informal market, which was cheaper.

Pay in dollars: a recommendation for travelers

However, it is true that in Argentina we are used to abrupt changes in tax collection conditions and the dollar fluctuations They are more frequent than we would like. This suggests that it is advisable to take certain precautions before embarking on a trip and when hiring it for any tourist who chooses a destination abroad.

So, about it, paula christiGeneral Manager of Take off for Argentina and Uruguay, explains that the situations of uncertainty like the current one, which brings sudden changes in the exchange rates that apply to expenses abroadmany of the people who already have a passage purchased try to advance purchases of accommodation or services at the destination to ensure lower values ​​in pesos.

In this regard, Cristi points out that “our recommendation is buy packages with all expenses included”. And it indicates that this allows you to close the purchase in advance and ensure the current price of the service or in the event that there are changes in the dollar quote card or Qatar.