The Government has always said that the PAIS tax was “provisional”, the Minister of Economy assured. Therefore, the reduction will take effect between the eighth and ninth month.
The Minister of Economy, Luis Caputoconfirmed this Friday that the Government keeps the elimination of the COUNTRY Taxthe tax paid on certain transactions in foreign currency. “We always said it was a provisional tax”assured the official.
“We are going to lower the PAIS Tax, as we said from day one,” said the head of the Treasury Palace at the press conference he gave with the head of the Central Bank (BCRA), Santiago Bausiliin the Ministry.
Regarding the moment in which the resignation will take effect, Caputo commented: “It will be as soon as the Bases law is regulated and implemented and the Treasury begins to receive the income from the fiscal package“. In that sense, he added that “it will probably be between August and September.”
Currently, the COUNTRY TAX that falls on the official dollar is 17.5% for imports of goods from abroada 30% on the purchase of foreign currency or card payments in dollars and of the 25% for the acquisition of certain services abroad or provided by non-residents from July 2023.
Milei confirmed that she will roll back the PAIS Tax by 10 points
President Javier Milei He had already ratified this measure in the morning. He assured that 17.5% of the PAIS tax which applies to operations in dollars in the official market for Imports of goods from abroad will go down to 7.5%.
Although the president had estimated that it would be in August, Caputo now said that it could take place between that month and the next, leaving the door open to the possibility that it will take place in September. But “we are going to lower it“, the official stated categorically.
Regarding the PAIS Tax, he said: “Indeed, from 17 to 7 and a half. That, now, when the law is finished being regulated and the income begins to flow, from that moment, once you clear that effect, that reduction begins to apply.”
Source: Ambito
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