Card dollar: rises to $950 and taxes increase to 155% of the official amount

Card dollar: rises to 0 and taxes increase to 155% of the official amount

The Government ordered an increase in taxes on dollar card and rises to $950 approaching financial dollars. He did it through Resolution General 5450/2023published this Thursday in the Official bulletin.

The Federal Public Revenue Agency established that for this type of operations, a 100% advance payment of Income Tax and another 25% for Personal Assets will be applied.

The card dollar is the exchange rate that applies to purchases with credit or debit card abroad. It is calculated from the official retail dollar, and the COUNTRY, Income and Personal Property taxes are added.

With this modification they will be taxed 100% of earnings, 25% of personal assets, which is added to the 30% of the COUNTRY tax and this exchange rate starts to pay a 155% taxs on the value of the official dollar, which closed at $375 on Wednesday. Thus, the card dollar starts trading around $950 this Thursday, within the framework of the presidential transition process.

Let us remember on the other hand that the system of daily microdevaluations (crawling-peg) that the BCRA returned on November 15, so that value will be adjusted in line with that policy. In this way, the price is sought to be more aligned with the parallel quotes of the dollar.

“The perceptions practiced will have, for passive subjects, the character of tax entered and they will be computable, as the case may be, in the annual sworn declarations of the Income Tax or the Tax on Personal Assets, corresponding to the first fiscal period after the one in which they were carried out,” details the published resolution.

In the recitals of the resolution published this morning, the National Government limited itself to explaining “reasons of tax administration and equity “they make it advisable” to increase the collection rate.

Official dollar: what taxes will be applied

Through the AFIP Resolution 5430 From Tuesday, October 10, the official dollar plus taxes had a 100% surcharge either for the purchase or for expenses abroad that were made with a credit or debit card that arose from adding the Country Tax (30%) plus the receipts of 45% for the Income Tax and another 25% on account of Personal property.

However, this surcharge was raised from 100% to 155% with the new perception of Profits of 25%.

The taxes that apply to official dollar now they are:

  • COUNTRY tax: is from 30% and applies both to people who buy foreign currency for hoarding and to those who use a credit or debit card to cancel expenses or withdraw foreign coins or bills abroad.
  • Advance Earnings Perception: 100%.
  • Personal property: 25% in dollar card and savings.

News in development.-

Source: Ambito

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