Monday, May 29, 2023

National government expands and extends refunds on debit card purchases

AFIP based the extension of benefits on the resolution’s description that governance “has proven to be an effective tool in providing support to the aforementioned sectors and encouraging the use of electronic means of payment.”

Reimbursement for debit card consumption to vulnerable sectors was extended by six months and increased by 100% from the end of the current phase in June, so it will be in force till the end of the year.

This was defined by the Federal Administration of Public Revenue (AFIP) through General Resolution 5360/2023 published in the Official Gazette, which doubled the maximum amount of refund from 2,028 to 4,056 pesos per month per holder and from 4,057 to 8,114 pesos Was. of receiving two or more allowances, as the case may be, for example, in the case of AUH beneficiaries of more than one child.

The Ministry of Economy highlighted that the measure benefits more than 2 million people from vulnerable regions and doubles the refund amount applied so far.

Similarly, it indicated that it is promoting tax regularization for the use of bank payment methods.

The measure, implemented in December 2019 through the Law on Social Solidarity and Productive Reactivation as a tool to support demand, benefits retirees who receive the minimum wage, the minimum death pension or the national non-retirement pension. Receive contributory pension (disability, old age, mother). seven or more children, among others); As well as holders of universal allowances for children (AUH), children with disabilities or pregnancy (AUE).

The refund covers 15% of the purchase price and is valid for consumption at pharmacies, stores (including supermarkets, mini-markets, hypermarkets, warehouses and kiosks) and wholesalers.

To access it, the consumption should be done from the debit card with which the benefit is availed.

The products delivered are food, in the case of supermarkets and kiosks; and in pharmacies, pharmaceutical and herbal products, cosmetics, toiletries and perfumes.

The amount paid is automatically credited within 24 to 48 hours of purchase, depending on whether it is credited to the bank account in which the benefit is held, before or after 5:00 PM each day Or the assignment is collected.

Transactions paid with these cards under Immediate Electronic Payment (PEI) or Quick Response (QR) code modalities are also covered.

AFIP bases the extension of benefits on the resolution’s description that the regime “has proven to be an effective tool in providing support to the aforementioned sectors and encouraging the use of electronic means of payment.”

Further, he asserted that “enhancing the limit of refund is considered necessary in the present context”.

The benefit is not valid for retirees who earn more than the minimum wage, as well as for self-employed workers or in a dependency relationship, monotributistas (except for adherents of the promoted labor regime, social monotributo or special for small agricultural producers ) and for those who pay income or personal property.

Nation World News Desk
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