The COUNTRY Tax ends in December and the government of Javier Milei analyzes measures to stop the bleeding of dollars

The COUNTRY Tax ends in December and the government of Javier Milei analyzes measures to stop the bleeding of dollars

In it economic team analyzes measures to prevent starting next December 24, tourists who are going to travel abroad and people who want to take advantage of the recent import facilities announced by the Government They take “cheap” dollars and affect the accumulation of reserves that the Central Bank is making.

He PAIS Tax ends precisely on Christmas Eve, date on which It will be five years after its validity and that is the temporary period that was set by law, within the framework of the economic emergency that was approved by Congress at the request of then-president Alberto Fernández.

When it ends Resolution 4815 of 2020 will also expire issued by the former Federal Administration of Public Revenues (AFIP) that establishes a perception of 30% on the sale of dollars for hoarding and to pay for consumption with cards abroad, in operations that pay 30% COUNTRY Tax.

By this mechanism it was possible to bring the price of the “card dollar” or “tourist dollar” at $1,600, which compared to the $1,100 that can be obtained in the MEP, constitutes a barrier against demand.

One of the The problems that the Government now faces is how to reconfigure the perceptions of the sale of dollars for tourists, at a time when demand for tickets increases by those who go to the beaches of Brazil or Punta del Este.

The point is that The 30% perception was created on account of the Personal Property Tax or Income Tax. In the case of the first, It is likely that those who travel abroad frequently will not pay it for five yearsif they entered the Special Regime for the Entry of Personal Assets (REIBP).

According to the former head of Customs Guillermo Míchel “it must be taken into account that since the government ‘eliminated’ Personal Property “It is impossible to apply a perception or advance on that tax.”

Míchel also warns about the difficulties of apply the perception on the other tax. “In the case of Profits, we must consider that the vast majority (87%) do not pay this tax or it is ‘withheld at the source’, so it is also doubtful to collect it in this case,” he explained.

In the governmentThey are sure that they are not going to let people take cheap dollars, so they are analyzing some mechanism to apply. It turned out that he could renew a perception of 30% and they would assume that the cost drops by 18%, to $1,300.

Michel considers that ““If the government wants the card dollar not to become cheaper, it has to create or raise taxes again.” Although it has already happened now with the perception of 30%, It is difficult to justify that the Customs Collection and Control Agency (ARCA) charges a new advance on taxes that the majority of the population does not pay. Above all because of the impact it has on those who want to buy low amounts to treasure.

These are amounts that ARCA will charge to return later. The organization is not decisive when it comes to returning money to taxpayers. Until the first half of the year, AFIP owed small taxpayers and the general public about US$147 million. of them 70% had delays of between 6 months to a year.

Míchel states that “for In January 2025, a record consumption of dollars abroad of US$1,250 million per month is projected.”

The former official points out that “Projecting the numbers for 2023, this year 11 million people will pay the PAIS tax + the receipt of profits or personal assets. A total of 4.1 million are employees (37%); 1.5 million are Pure Monotributistas (14%); 1.4 million are taxpayers of other taxes (13%) and 4 million are neither taxpayers nor employees, such as being retirees (36%).”

Based on this, the former head of Customs concludes that the government “you are going to have to default” the promise not to increase taxes.

Source: Ambito

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