The cheapest new dollar: how consumers are already taking advantage of the price that is 25 pesos cheaper

This version of the dollar stands out from the rest because last week one of the prices that had been born in the heat of the repeated patches of exchange rate barriers disappeared

The disappearance of the subsidized MEP dollar immediately after the elections rearranged the list of exchange rates that exist in the market. AND one of the multiple prices of the dollar was particularly far from the rest, which makes it stand out as an attractive alternative in relative terms.

This is not a savings option. In any case, as is usual in long experiences of Argentines with exchange controls, the path to go to the dollar bill has become more difficult, the eyes begin to settle on dollarized consumption. The dollars that are not obtained through the financial means are sought through the commercial means.

The dollar in question It is the “dollar card”, which is nothing more than the solidarity contribution but – unlike purchases for hoarding, which are capped at USD 200 per month – at least for now there is no limit to consumption in foreign currency with plastics.

It stands out from the rest because last week one of the quotes that had been born in the heat of the repeated patches to the exchange rate barriers disappeared. The subsidized MEP dollar, which was implicit in the Bonar 30 price, ceased to be intervened by the Central Bank and, with this, it approached the $ 200 at which the free dollar is traded.

That MEP was at $ 181 shortly before the elections and, as an opportunity, it was taken advantage of by thousands of savers until the last moment. Now the difference between financial dollars is gone and, that, generated a gap between that price and the solidarity price, which remains around $ 175.

The subsidized MEP dollar, which was implicit in the Bonar 30 price, ceased to be intervened by the Central Bank

The solidarity dollar has a tax surcharge of 65%, for 30% of PAIS Tax and 35% of withholding on account of Profits or Personal Assets. Still, it became the cheapest dollar on the market. Below the $ 200 of the blue and the financiers.

The outdated price is already beginning to be used by Argentine savers. In particular, through card consumption in foreign currency that remains at low levels due to the pandemic, but is beginning to react. And, according to analysts, its use will begin to grow with the arrival of the summer holidays.

“While the official dollar is backward, purchases abroad look cheap” (Colasurdo)

Credit cards registered a year-on-year increase of 108.3%, although with an irregular monthly behavior. In October they increased by 13.6% compared to the previous month ”, he said. Guillermo Barbero of First in reference to consumption in foreign currency.

“However, these values ​​are not significant based on all the operations of the item and in relation to the values ​​that they knew to have in the past. The reopening of opportunities for tourism and work abroad will boost balances in the coming months, especially if the value of the card dollar is below the value of the dollar that consumers can access ”, he considered.

Beyond the fact that trips abroad are still beginning to recover, the consumption of services and goods through e-commerce portals that bring goods from abroad to the country is encouraged by the gap between prices.

But that does not exhaust the incentives. There is one more. At least for those who do not pay Profits or Personal Assets, or do so for a low amount.

In the following fiscal year the AFIP returns the 35% withheld to those who are not subject to these taxes. A partial refund, since with inflation hovering around 3.5% per month each month it files a little value to the amount withheld. But return at last.

“The reopening of opportunities for tourism and work abroad will boost balances in dollars with cards in the coming months, especially if the value of the card dollar is below the value of the dollar that consumers can access” (Barbero )

“It is an opportunity because while the official dollar is backward, purchases abroad look cheap,” he said. Giselle Colasurdo, specialist in capital markets and financial youtuber.

“And not only that you have to take advantage of the late official, but they also return the advance payment of the income tax (even if it is a year later and that money is worth half with 50% expected annual inflation),” he commented.

How to process the return

Enter the AFIP page with tax code. The system will display the list of enabled AFIP services on the screen. “My Web Applications” should be selected. If this service is not found, it must be enabled using the “Fiscal Code Relations Manager” option.

Then, you have to follow the following steps:

1) Enter with “Fiscal Code” to the service “My Web Applications”

2) Select the “New” option found in the upper left margin. As a consequence, a new screen will open where you have to select the name and the following fields:

* Agency: AFIP

* Form: F746 / A – Returns and transfers

* Fiscal Period: indicate the period for which the refund is requested, in the YYYYMM format.

Finally, select “Accept”

3) The system will then show the detail of earnings registered in “My Withholdings” for that period. You must check which ones you want to process in return.

4) In the event that there are perceptions not registered in the system, they can be entered by selecting: “ADD PERCEPTION”.

5) To load, you must inform:

– Origin

– Card

– Payment date of the summary and / or settlement / Debit date

– Amount of the perception.

6) Once the complete data load has been carried out, select the RECORD button, which is located in the upper margin of the screen. To finish loading, press the PRESENT button. The system will ask if the presentation is confirmed, and then it will inform that the presentation has already been made. Accepting this message you can view the receipt of the presentation.

7) To follow up on the refund request, you must enter the “My Web Applications” Service with “Tax Code”.

8) Next, the service login screen will be displayed. You have to select the SEARCH option that is in the upper left margin. There, click on ACCEPT to view the requests made.

9) In this way, the requests made will be displayed and, if you click on PRESENTED, you will be able to see the status of the selected request and the system will display the status of the process.

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Reference-www.infobae.com

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