The Government defined what the new price of the card dollar will be

The Government defined what the new price of the card dollar will be

December 19, 2024 – 08:44

The Government’s decision is known in a week in which the blue dollar and financial exchange rates leave aside the calm of recent months.

As Ámbito reportedthe Government implemented a new tax scheme after the elimination of the I COUNTRY taxmaintaining the 30% surcharge, but with significant modifications in its scope and application. The measure was made official through the General Resolution 5617/2024, published this Thursday in the Official Gazette.

According to the rule, the tax will no longer carry the name PAIS Tax and certain perceptions for specific sectors are eliminated, particularly in the financial field. However, consumers will continue to pay this tax on operations such as the purchase of dollar savings and the acquisition of goods and services abroad.

At the outset it must be clarified that The tax will remain in force for operations related to the so-called “savings dollar”, “card dollar” and “tourist dollar” so as not to affect tax collection. However, the collection of dividends and subscription in pesos or securities issued in dollars by the BCRA, which were previously covered by the “PAIS Tax”, are excluded from the new regime.

And, as the Ministry of Economy had anticipated, this change would not imply a decrease in the total cost for users, since the collection of 30% on account of the Income Tax will be maintained.

Dollar Card: how is the value

This issue is crucial both for those who plan to travel abroad and for those who closely follow the recent movements of the dollar, with special concern about fluctuations in the exchange market.

The adjustment to the value of the card dollar comes in a context of uncertainty for parallel dollars. After a long period of declines, the values ​​of the blue dollar, MEP and CCL have risen sharply in recent days. This rise occurs after a decline that, at the time, reduced the gap between the official dollar and free quotes to less than 5%.

dollar cards

This issue is crucial both for those who plan to travel abroad and for those who closely follow the recent movements of the dollar.

This issue is crucial both for those who plan to travel abroad and for those who closely follow the recent movements of the dollar.

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The update on the card dollar also affects the perception of Profits, which previously applied 30% on this exchange rate, in accordance with article 35 of Law 27,541, and whose regulation corresponded to the AFIP through resolution 4815.

Transactions subject to the collection of tax on the card dollar

The tax on the card dollar affects a series of specific transactions that involve the acquisition of goods and services abroad. This tax applies to the following situations:

  • Purchase of foreign currency and banknotes in foreign currency: includes purchases made by residents in the country for hoarding or without a specific destination, as well as those intended for the payment of obligations linked to the importation of specific merchandise.

  • Currency exchange through financial institutions: this type of transaction refers to currency exchanges carried out by financial institutions, either on behalf and by order of the purchaser, tenant or borrower, for the payment of goods or services acquired abroad that are paid by credit cards, debit or any other means of payment.

  • Currency exchange for payment of services provided by non-residents: in this case, the currency exchange is intended for the cancellation of services provided by non-residents in the country, and the transaction is carried out through credit, purchase, debit cards or other means of payment.

  • Acquisition of tourist services abroad: The purchase of services such as accommodation, tourist packages and other travel-related services contracted through travel and tourism agencies in the country is also subject to this perception.

  • Purchase of international transportation services: Includes the acquisition of land, air and sea transportation services to destinations outside the country.

It is important to highlight that the collection of the tax will be applied to the extent that payments are made in pesos for the aforementioned operations. Furthermore, this perception It will only be valid if the currencies necessary to complete the transaction must be acquired in the single free exchange market (MULC).

Source: Ambito

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