New tax for those buying abroad with credit card

 

August 30, 2012

 

The AFIP, Ricardo Echegaray, announced that as of  September a new tax will be in effect for purchases made abroad by Argentines with a credit card.

The bill will include a charge of 15% of the purchase amount on account of profit or personal property, which is paid once a year. Those who do not pay these taxes will be refunded the money.

The new AFIP resolution establishes “a perception of 15%” on the total amount of consumption that takes place abroad with credit cards.

According to statistics of the entity that directs Echegaray, the change will affect about 168,000 credit cards in the last year which made consumption in foreign countries by $ 7,400 million (44 thousand pesos per card).