Monday, October 2, 2023

Can you pay with virtual wallets and get a VAT refund?

This Monday the measure announced by the Minister of Economy and presidential candidate came into force (Union for the Homeland) Sergio Massa which includes VAT refund about purchasing various products, and questions remain, such as: B. what happens if you pay with us DNI account or virtual wallet.

As announced, the program is aimed at monotributists, pensioners and pensioners, AUH benefit recipients and employees in a dependent relationship who earn up to $708,000 per month.

This came into effect Monday, September 18th and the return has a monthly limit of $18,800 when purchasing the Company’s products using a debit card Staple Food Basket (CBA). It was determined that the return of IVA It is valid until December 31st of this year.

In this sense, among other things, the question is circulating as to whether this advantage will also apply to virtual wallets DNI account of the Bank of Buenos Aires Province or Mercado Pago. And the answer is partial.

Previously the owner of the Federal Public Revenue Administration (AFIP), Carlos Castagneto reported that the DNI account officially joined the benefit of VAT refund on purchases.

Chestnut grove He noted that the measure initially applies to purchases made with a debit card DNI account At the same time, he recalled that negotiations are underway to integrate the other virtual wallets.

How are returns applied?

The program “Purchase without VAT” It applies per beneficiary, not per family group. For example, in a family with a married couple in which one is employed in a dependent relationship and the other is a monotributist, both receive the benefit separately.

In this sense, the government stated that each person “will be identified with the CUIL or CUIT in the database in order to limit the limit” to this amount.

Even if the person has more than one debit card, the program is per beneficiary. So, for example, if you have two cards, you won’t get double the power.

The products included in the measure are all that are part of the measure Basic Food Basket (CBA) from INDEC. You can also purchase personal hygiene products.

Nation World News Desk
Nation World News Desk
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