The objective is to reach a total of 20 million people who will benefit. How has it been evolving and how much money was refunded during this time?
Government launched the VAT refund program on September 18 when purchasing basic basket products with a debit card. At that moment, the Federal Administration of Public Revenues (AFIP) anticipated that around 20 million people would benefit from this initiative. How is the measure evolving?
The beginning was complex, since there were delays in the return processes, which had been estimated to take 48 hours in principle. However, the first impacts on the pockets of the beneficiaries began to be seen only four days after the start of the Buy without VAT.
VAT refund: the numbers to date
The program will be valid until December 31 of this year, although the Government has already presented the project in Congress to make the refund of the tax on basic basket products a law and not a transitory measure.
Despite the initial difficulty, In the first 7 days of operation, 9,044,778 people benefited, just over half of the total number of citizens that the initiative hopes to reach.
The amounts returned so far total about $15,286 million until September 25, so it could be estimated that they received around $170 per person, on average, so far.
Let us remember that the Buy Without VAT program is intended for retirees and pensioners, beneficiaries of the Universal Child Allowance (AUH), monotributistas, employees in a dependency relationship and workers in private homes. The maximum refund amount of 21% VAT is $18,800 per month per beneficiary and, to access that total, you must make purchases of up to $89,523 in products from the basic basket.
Source: Ambito
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