how it affects tourism and travel agencies

2023-11-24 22:00:00

The Government established an increase in tax charges on the card dollar and since yesterday, it exceeds $950, according to the Banco Nación boards. The measure impacts the expenses incurred through credit and debit cards in transactions abroad, ranging from tourist expenses, tickets, flights, packages.

Specifically, the measure establishes that the perception of 45% in Profits rises to 100%, while that of Personal Assets remains at 25%. That is, each Argentine citizen will face a total of 155% in tax charges when spending with credit and debit cards abroad.

On international flights prices rose up to 300% in one year.

Despite the significant rise in its price, it continues to be competitive compared to the blue dollar, which today it is located in $975 for sale and $1025 for purchase. In any case, analysts assume that the demand for trips abroad may decrease.

The modifications made public yesterday by the AFIP They caught airlines and travel agencies completely off guard. and forced to start, out of nowhere, a process of certain complexity.

Carlos Núñez, executive director of the Argentine Forum of Travel Consultants and Companies (FACVE), expressed in Reportur: “We urge an end to these unexpected measures and distortions that substantially affect the industry and that we work with a long-term vision plan.”

The Argentine Federation of Travel and Tourism Companies (FAEVYT) called for dialogue with the next government to review the high tax pressure that affects the tourism sector:

«We trust that the incoming government will pave the way for the elimination of tax burdens and obstacles to the normal development of the activity. TOCurrently, in addition to the increase in perception, there is the impossibility of buying in installments abroad, the gross income tax, 30% of the country tax and the check tax,” the entity detailed.

For its part, Roberto Amengual, president of the Tourism Hotels Association (AHT), who pointed out in Ámbito Financiero that the rise in the card dollar will mainly affect «to outbound tourism for increasing the cost of the trip.

The analyst offered a positive view when mentioning that, “that passenger who does not travel abroad due to its increase in cost and can transform it into a national trip”, which “would potentially help domestic tourism.”


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