The government will start refunding value-added tax (VAT) on basic goods for many workers and welfare recipients, Economy Minister Sergio Massa announced on Wednesday evening. The program, called “Buy without VAT”, will apply to products within the basic basket of goods, purchased via debit card. “Its goal is that the basic basket is covered and compensated by this benefit.”In Argentina, VAT is 21%. On Monday, Massa announced that the Argentine government will raise the income tax threshold to AR$1.7 million pesos per month from October. August’s inflation rate, announced just three hours beforehand, was 12.4%.
Source: Bueno Aires Herald September 13, 2023 23:59 UTC