Purchases donde abroad with credit cards will have a tax of 20%


Argentina, January 24, 2013

This morning, the Minister of Economy Axel Kiciloff and Cabinet Chief Jorge Capitanich unveiled new regulations regarding the purchase of dollars that the government will carry on since Monday.

In addition to authorizing the purchase of dollars for “possession and savings”, which was previously only allowed for travelers, the national government decided to lower the tax on credit card purchases done abroad from 35% to 20%.

The Government explained that the purchase’s tax with both credit and debit card abroad will drop from 35% to 20% since Monday.

The purchases done on Saturday and Sunday still will be charged with the 35%. The agency responsible for regulating this change is the AFIP, which shall issue a General Resolution to enforce the measure.

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