For several weeks, the government has been looking for a way to limit the outflow of dollars from tourism, which in the month of August alone was 750 million dollars and accumulates 4.83 billion dollars in the year. Especially days before the start of the World Cup in Qatar.
This afternoon we will know the details, but according to what has already been anticipated by official sources, the advance of the Income and Personal Property Tax will be increased, which it had already gone from 35% to 45% in July.
The dollar “card” today is $ 273 ($ 156 of the official dollar plus 30% PAIS tax plus 45% down payment). It is a value lower than the blue dollarwhich is trading at $ 277 or the MEP, which is at $ 290.
For example, if the down payment has gone from the current 45% to a number that could be around 60 or 65%, the dollar card would range between $ 296 and $ 304, a level more similar to the MEP. Therefore, the government would encourage people to pay with the dollar ticket before paying the card summary in pesos.
Anyway, the new dollar card it will not cover all expenses abroad. According to reports, it will affect a few people, but it is the one that consumes the most dollars.
This means that small consumptions would no longer be onerous, like monthly expenses in streaming apps like Netflix and Spotify, which today are paid with an advance of 35%.
On the other hand, there will also be a dollar differential for those who rent international shows. To pay their artists, producers will now have to pay 30% more dollars, as the so-called “cultural” dollar would be equated with the savings dollar, which pays the 30% PAIS tax.
The establishment of this tax could allow the release of some payments from local producers. “Currency transfers have become a problem for the entire cultural spectrum, from a literary work to a musical show,” a source in the entertainment industry explained on Sunday, and pointed out that because of these obstacles, there are “commitments undertaken and also assumed that have not yet been paid”.
The boom in international artists in the country, with record ticket sales, puts this problem on the table. Without going any further, the British band Coldplay will give 10 shows in Argentina in a few weeks, and the millionaire these artists will receive for these concerts puts pressure on bookings.
Businessmen and the government have been negotiating for months and years this one dollar “surcharge” proposal for this sector came from manufacturers. The government reportedly agreed with the industry chambers that 30% more dollar value in the MULC, and this new inventory adjustment would be published in the Official Gazette in the next few hours.
NEITHER
Source: Clarin
