Less than a week away from the opening match of the 2022 World Cup, the famous “Qatar dollar” It is not fully implemented yet. One month after the official announcement, Neither banks nor fintech companies have the necessary systems to cross-reference data and check if a person consumes more than share of US$ 300, but with different subjects.
Therefore, although AFIP insists that the new personal property advance tax, which makes the most expensive dollar value of paper up to now in a 25% more, is charged normally, this only happens in the case of Argentines who operate with a single financial entity.
This means that there is still a blind spot that allows some Argentines to avoid being charged the new tax, at least for now. Is that if a person has more than one card in several entities and divides his expenses so as not to exceed $ 300 in any of them, the “Qatar dollar” cannot be applied to him, since neither banks nor the fintechs can know what those people’s movements are outside their entity.
Although the banks and the AFIP loudly assure that the mechanism is already oiled, the entities humbly acknowledge the failures of the new system. “We are working by hand”, a source at a private bank explained to this newspaper. In a virtual portfolio they described: “We continue as we came. Each entity controls differently.”
In a public body they coincided: “The interim solution is applied, in debit cards the check is carried out by operation since last month and in credit cards, check by total summary. The AFIP is in principle putting together a centralized register which would cross-reference the information it gets from each processor but it doesn’t seem very advanced.”
In the midst of a new and accelerated reserve bleeding that has led the Central Bank to sell another $100 million this Monday, its boss, Miguel Ángel Pesce, publicly stated that the Qatari dollar He has already filed relief for the agency, noting that “the drop in overseas tourism spending has been sharp.”
The truth is that entities are still skeptical about when the new dollar, the most expensive on the market, will take effect in its entirety.
At the same time, the other dollar for tourism is also blocked, which would allow foreign tourists to buy with debit and credit cards at a price similar to that of the euro deputy dollar. Explained to industry sources clarion that the legal teams of the cardholders are working to reach an agreement on what will be the financial mechanisms that will allow tourists to enter the country to offer the exchange price of the dollar.
Source: Clarin
