Dollar card and savings: how to recover the PAIS tax?

Dollar card and savings: how to recover the PAIS tax?

The government has already enabled the page through which you can process the refund of taxes that apply to the purchase of dollars and card payments in foreign currency. This is the procedure.

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With the beginning of 2024, the Federal Public Revenue Administration (AFIP) once again enabled the option to request the refund of Earnings and Personal Assets through its website for those savers who bought dollars or made expenses in foreign currency with a card between January and December 2023.

That is, you can now request refunds of the Advance percentage of Earnings and Personal Assets that was paid last year for the operations carried out. But how to do it?

COUNTRY tax: this is how it is calculated

It should be remembered that for the When purchasing dollars, people paid 65% tax ratesof which 30% corresponded to the Tax for an Inclusive and Solidarity Argentina (PAIS) and 35% as an advance of Profits and, As of mid-August, earnings perception rose to 45%.

While, Until July 2023, the tourist dollar had a tax burden of 80% (30% of the PAIS tax and 45% of receipt of Profits and 5% of Personal Assets). In October 2023, both exchange rates were unified with a total tax burden of 100% (30% COUNTRY tax, 45% Profits and 25% Personal Assets).

Return: step by step on how to manage it

As was said, The saver or card user can request the refund of Earnings. But many do not know how to do it and it really is an easy procedure.:

What must be done is enter the AFIP website, with tax code level 2 or higher and select the “Refund of perceptions” option. There, it must Click on the “New” label and indicate the fiscal period to which the refund request corresponds. Then, you can view and select the perceptions that were made during the mentioned period (If perceptions are not displayed in the system, they can be entered manually). And, finally, you have to click on the “Submit” option.

It is worth mentioning that It is advisable to do this management in timesince the return usually takes up to 60 days or more.

Who can request a refund

Those who:

  • They are not registered for income tax, nor are they required to register.
  • They are registered in Profits but not in Personal Assets, exclusively for the perceptions made under code 219.
  • They are not registered with the personal property tax, nor are they required to make such registration.
  • They are registered in the personal property tax but not in profits, exclusively for the perceptions made under code 217
  • They work in a dependency relationship and are not liable to suffer income tax withholdings from their employer as withholding agent
  • They work in a dependency relationship and are liable to suffer income tax withholdings by their employer, as a withholding agent, who have collected them under code 219.

Source: Ambito

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