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Omnibus law: exemptions for purchases abroad for personal use would be eliminated

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The mega omnibus bill includes a section of great interest for tourists traveling abroad. If the standard, or a specific part of the standard, is approved, People will be able to bring goods into the country without limits, as long as they are for personal use. From electronics to luxury items for very high values.

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Limits (excess) are currently in force that allow you to bring books, clothing and footwear, toys, technological products, among others. up to a maximum value of US$ 500 per person without paying anything. And also a mobile phone, a computer and a tablet. Once this limit is exceeded, the traveler will have to pay 50% of the amount exceeded.

The State Reform Law states that “goods subject to the baggage regime, imported for non-commercial consumption,…” will not be subject to any tax. Furthermore, it highlights it “To include products in the baggage regime it will not be necessary to fill out any forms,” are equivalent to sworn declarations.

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In the event that the quantity of goods to be imported suggests commercial purposes, Customs will follow the procedures established by current legislation.”Current regulations set tax exemption limits of up to US$500 on baggage and an equal amount for purchases in the free upon arrival store. All this applies to all countries, with the exception of Mercosur, which has a baggage allowance of $300.

These maximum amounts are monthly. That is, if a person travels to the United States 3 times in the same month, he cannot exceed the limits. Reforms are fundamental, but they don’t change everything. “With the bill, the applicable tax is eliminated, so the exemption would lose meaning, although I understand that they maintain it because the exemption of 300 dollars is a unified measure for all Mercosur countries”, says Karina Castellano, an expert in customs issues . .

All provided that this chapter included in the mega reform project is approved by Congress. If so, the lucky ones who travel abroad Highly valuable goods will be able to legally enter, such as rings, watches, necklaces, electronic items of all kinds, clothing, accessories, ornaments and tools.among other things, for any value.

The other aspect that changes is that there will no longer be a need to make sworn declarations of goods when entering Argentina (which are presented before passing customs) or declare valuable equipment to AFIP before leavinga rigorous procedure to avoid paying taxes for amounts exceeding the established deductible.

The tax is equal to half of the value that exceeds the maximum allowed. For example, if a traveler claims to have made a purchase worth US$700 (prior declaration), is obliged to pay US$ 100, i.e. 50% of the money over the limit (US$ 200)The other thing to determine, if the new rule comes into force, is to demonstrate that the goods a person purchases must not be resold or sold in a commercial establishment. Castellano explains it. “A person can bring 30 trousers. You can assume that they are for personal use, that is possible. Now, if the trousers are all the same color but different sizes, that could indicate that they are for commercial purposes,” said the expert. .

“The definitive reading is – adds Castellano – that the goods covered by the baggage regime, which are imported for consumption without commercial purposes, will not be taxed with any tax. The amounts of the exemptions remain in force, even if they are ineffective for the Argentina (in the rest of Mercosur yes for 300 dollars)”.

Source: Clarin

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