COUNTRY tax: all the details of the regulation that will affect the solidarity dollar and imports

The Federal Administration of Public Revenues (AFIP) regulated the expansion of the Tax for an Inclusive and Solidarity Argentina (PAÍS), which is applied to the acquisition of savings dollars and to the importation of goods and services.

The measure was formalized through Resolution 5393 signed by Alberto Fernández and the Minister of Economy, Sergio Massa. This regulation modifies regulation 4659 and is in line with the recommendations of the technical team of the International Monetary Fund (IMF).

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COUNTRY tax: the changes that will be applied to the importation of goods and services

The official regulation establishes in its article 2 that the COUNTRY Tax will be applied at 25% in all categories of imported services, except:

Freight, on which a 7.5% tax will be applied; Health and Education, exempt by article 36 of Law 27,541, Recitals, the 30% already applied of the COUNTRY Tax is maintained.

The AFIP regulated the expansion of the COUNTRY Tax, which is applied to the acquisition of savings dollars and for the importation of goods and services. (Photo: Pixabay)

According to resolution 5393, the rate of 7.5% was confirmed for all imported products, including agricultural inputs, with the exception of:

Luxury products, which already have a rate of 30%; Medicines and fire-fighting equipment, exempt according to article 36 of Law 27,541; Fuels, lubricants, goods related to power generation, and intermediate products and supplies linked to the Basic Food Basket (CBA).

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Dollar savings and card: how were the tax charges

The AFIP implemented an increase in the perceptions of the dollar for savings, known as solidarity (for the purchase of US$200) that was unified with those of the card dollar. In this way, from Monday both contributions have a surcharge of 75% (30% of the COUNTRY Tax and 45% of the advance on Earnings account).

A 10% was added to the savings dollar as an advance to the Earnings account. (Photo: Adobe Stock)By: Adobe Stock | AdobeStock

To the solidarity dollar, which until last week had a charge of 65% for the purchase, 10% was added as an advance on the Earnings account. In this way, the card dollar was unified with the price, that is, the exchange rate that governs the purchase of goods or services with a credit or debit card abroad that does not exceed US$299.