He “dollar card” for credit consumption in dollars and expenses abroad It will be worth $1,320 from today after the devaluation of the exchange rate that will take place starting this Wednesday.
This exchange rate will be composed of 30% PAIS Tax and a 35% advance of Income Tax (until yesterday it was 100%) and the 25% collection of Personal Assets is eliminated.
The imports they will move with one dollar to $940because the PAIS tax will rise from 7.5% to 17.5% (for goods and services).
Dollar card: what the PAIS tax applies to
As stated in Decree 29/2023 of the Official Gazette, the PAIS Tax applies to:
- Purchase of banknotes and currencies in foreign currency for hoarding or without a specific destination
- Currency exchange intended for the payment of certain operations with subjects residing in the country paid by credit card, purchase card, debit card or other equivalent means of payment.
- Acquisition of services abroad contracted through tourism agencies and passenger transportation services to destinations outside the country.
The latest changes to the dollar card
At the end of last month, General Resolution 5450/2023 of the Federal Public Revenue Administration (AFIP) had been published, which established a new increase in the tax burden of the exchange rate, something that will change again from today.
Specifically, the measure taken by the outgoing Government established changes in perception rates for all transactions for the acquisition of goods and/or services carried out abroad by subjects residing in Argentina through credit, debit and prepaid cards, or any equivalent means of payment. For example, streaming platforms such as Netflix, Spotifybut also the purchase of currency for savings with the quota of US$200 per month.
The regulations had determined that for the purchase of goods and services from abroad the rate of collection of the tax on the Profits from 45 to 100%, while the 25% rate for advance payments was maintained. Personal property. In this way, the surcharge on the value of the exchange rate reached 125%, to which we must add 30% of the COUNTRY TAXso the final surcharge was 155%.
Source: Ambito
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