The Government established that for this type of operations a 100% advance payment of Income Tax and another 25% for Personal Assets will be applied.
The Federal Public Revenue Administration (AFIP) shook the hornet’s nest this morning by modifying the tax framework that charges on consumption in dollars with debit and credit cards, online payments in foreign currency and consumption of digital or streaming services such as Netflix and Spotify.
The Government 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.
The rule, which begins to be applied to consumption made from today, radically changes the costs per dollar paid by tourists, consumers who make purchases in foreign currency online – for example software, video games and other purchases via e-commerce – and also for users of streaming services such as Netflix, Spotify and others.
Netflix dollar: what will happen now with streaming services
He “Netflix” dollar It is the exchange rate that applies to video or music streaming services from foreign providers. It is calculated from the official retail dollar and the PAIS taxes, VAT, Profits and Personal Property taxes are added. It’s $733.
Card dollar: how the exchange rate is composed
- Official dollar: $370
- Perception 30% COUNTRY Tax
- Perception 45% Perception of Profits
- Perception 25% of gross income
Total: $733
Source: Ambito
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