One by one: What are the “luxury goods” the new tourism dollar will achieve?

Consumption of less than USD 300 per month will continue to be charged at the current exchange rate of USD 262, which corresponds to the official exchange rate plus PAIS tax and 45% income tax withholding.

October 12, 202204:04

The The National Government has today decided to allow foreign currency consumption by credit and debit cards in tickets and travel packages. More than 300 USD per month Will pay an additional perception of 25% as a preliminary concept of tax on personal assetsThat would result in an exchange rate of $314, based on current rates, official sources said.

Given the Banco Nación dollar exchange rate, which closed today at $157 for sale, if the PAIS tax (30%), the collection on the profit account (45%) and the collection on the account of 25% are added to the personal. assets, the transaction value per dollar will be $314.

consumption For purchases under $300, you will continue to pay an exchange rate of $262 per month Currently applicable, which corresponds to the official exchange rate plus PAIS tax and 45% income tax.

The The measure also covers goods that are considered expensive or “luxury” goods Bought abroad. The list reportedly includes those assets included in communication “A” 7532. Covered assets are:

• High class cars and motorcycles.
• Private jets-small jets.
• recreational boats.
• Premium spirits (value over $50).
• Watches, pearls, diamonds and other precious stones.
• Slot Machines.
• Cryptocurrency mining machines.
• helicopters.
• drones.
• jet skis
• rectangles.
• gourmet food.

Looking ahead to Qatar 2022

purpose of the event which will come into effect tomorrow, after publication in the official gazette, is to avoid imposing quotas and promote market access for imports of intermediate goods or necessary for local production, while access will be expensive for undesirable activities and a small part of the population.

From this point of view, About 3 million people spent with the card last August, with 2.8 million spending less than $300 per month. An average of $22 each, which equates to 19% of the card’s total monthly costs.

but 200,000 people spent more than $300, An average of $1,314, which corresponds to 81% of total card spending.

If we consider August data, as a parameter, will not be affected by the 93% of people using cards in dollars. who usually use it to pay for apps and streaming services (Youtube, Spotify, Netflix, etc.).

finally, Services contracted abroad for leisure and artistic activities such as recitals, sports activities, among other entertainment expenses, must pay a country tax of 30% for overseas remittance of dollars.

In addition, each person from abroad (for example, a musician) receives income tax withholding, which is applied by the local person who pays the rent.