With resolution 5360/2023 published this Tuesday in the Official Gazette, AFIP extended until the end of the year the 15% refund when making minimum wage retirees and recipients of social benefits purchases with debit cards associated with social security payments. and raised the limit from $2,028 to $4,056 monthly, which amounts to purchases up to $27,040 per month.
“The provisions of this general resolution will enter into force on July 1, 2023”, clarifies the official rule.
The repayment limit it goes up to $8,114 for universal allowance holders with 2 or more children. According to the government, the reimbursement is received by more than 2 million people every month.
Who gets the refund
- Those who receive the minimum pension.
- Those who receive a minimum pension in the event of death.
- Recipients of a minimum national non-contributory pension (invalidity, old age, mother of 7 or more children, etc.).
- Holders of universal child benefit (AUH).
- Holders of the universal pregnancy allowance (AUE).
The benefit reaches purchases made in pharmacies, neighborhood shops, mini, super and hypermarkets, kiosks and warehousesand consists of the return of 15% of the total amount of consumption made with the debit card through which the pension, pension or AUH/AUE is received.
He the refund is automatic and credited to the beneficiary’s account within 24 and 48 working hours after making the purchase.
The AFIP clarifies that this advantage “It’s not a VAT refund” and therefore does not affect federal co-participation.
The 15% refund on debit card purchases for low-income sectors was created in December 2019 by the Law on Social Solidarity and Productive Reactivation as a tool to improve the income of these sectors. It was then set at $700. In July 2021, it was raised to $1,200.
At the end of 2021, without updating the limits, the AFIP extended the validity of the refund until June 30, 2022, as it “represents an effective tool to provide aid to the aforementioned sectors and encourage the use of electronic means of payment”. And because it is a regime that “is financed with the budget item assigned for this purpose by the Ministry of the Economy and does not affect federal co-participation”.
Then it was extended through the end of 2022, and in January of this year, the repayment was raised to $2,028 and extended through June 30, 2023.
Source: Clarin
