The Government seeks to give new signals that it is determined to lift the restrictions as soon as it can. And, on that path, he announced that will make limits on import shipments more flexible eventual (courier) and set new import limits. They will go from US$1,000 to US$3,000 per operation. This is a new step in the process of eliminating the PAIS tax, as announced by the presidential spokesperson, Manuel Adorni.
Also not Tariffs will be paid for the first US$400 per shipmentas long as it is a good acquired for personal use. In these cases, the products will only pay VAT.
“As an example, a jacket that costs US$100 abroad today pays US$67 in taxes. With this measure, it will now pay US$21,” says the official statement. However, they clarified that this measure does not affect imports under the “door-to-door” mail regime, operated by official couriers, for which modifications will be announced in the coming weeks.
One dollar cheaper
“The Government sees it as a measure that aims at disinflation, but, on the other hand, it is to be expected that negatively impacts reserves“he says to Scope the chief economist of Vectorial, Haroldo Montagu.
“This implies that, when you want to buy a product from a foreign page, it will be quoted at an import dollar of $1080 and that allows you to take advantage of a kind of unification of exchange rates with the MEP“, explains, in this sense the economist Federico Glustein.
And the Government announced this measure just on the day that the MEP dollar was equalized in price with the importing exchange rate, a situation that occurred this Friday, November 15.
“Through this measure, all Argentines will be able to access imported products with more competitive prices, especially those who do not have the opportunity to travel. Therefore, they will be able to bring clothing, toys and/or small appliances from abroad. “said the Government.
A measure that can be “explosive”
He mentions that, until now, “The country tax was applied in full, which made the supply more expensive. of goods and services and with this elimination, it will be the same to buy locally as abroad.”
From the ruling party, they assured that “companies will be able to more quickly import the supplies, spare parts and pieces that they urgently need for their production.”
However, while it may be an advantage for the buyer, “the measure can harm several sectors of the economy local, since an importing economy will be promoted, that could be explosive.”
“It is evident that the measure facilitates imports and by lowering prices indiscriminately for this modality, it probably affects some local industry,” says economist Pablo Ferrari, along the same lines.
And he adds that, in addition, by losing another source of tax revenue, if the Government wants zero deficit, it is expected that it will have to cut spending further after this decision.
News in development.-
Source: Ambito
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