The Government maintains the collection of 30% although it will not be under the name of “COUNTRY Tax”. Which sectors does it include and which will be left out of paying the tax.
The Government implemented a new tax scheme which replaces the called COUNTRY Tax, maintaining the 30% load but with significant modifications in its scope and application. The measure was made official through General Resolution 5617/2024, published this Thursday in the Official Gazette.
According to the standard, The tax will no longer be called PAIS Tax and certain perceptions are eliminated for specific sectors, mainly in the financial field. Nevertheless, Consumers will continue paying this tax in operations such as the purchase of savings dollars and the acquisition of goods and services abroad.
According to what the same document says, “the end of the validity of the PAIS tax would not lead to the culmination of the aforementioned perception regimebut requires the adaptation of the legislative technique used in General Resolution No. 4,815, its amending and complementary ones” and adds that: “it is considered convenient to replace the aforementioned general resolution with a new ordered text, whose terms preserve the continuity and scope of the collection regime established by the aforementioned norm”.
Dollar: who will be affected by the 30% tax?
- Purchase of savings dollars or without specific destination linked to the payment of obligations in the MULC or the payment of import obligations of merchandise included in the Southern Common Nomenclature (NCM).
- Currency exchange carried out by financial entities on behalf and by order of the purchaser, tenant or borrower intended for the payment of the acquisition of goods and/or provision of services carried out abroad, which are paid by credit and debit cards. Purchases made on portals or virtual sites and any other form of distance purchasing are included.
- Acquisition of services abroad contracted through travel and lockjaw agencies, wholesalers and retailers in the country.
- Acquisition of land, air and water transport services for passengers to destinations outside the country.
In summary, the tax will remain in force for operations related to the “savings dollar”, “card dollar” and “tourist dollar”. 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.
News in development.-
Source: Ambito
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