General Resolution No. 5465/2023 of the Federal Administration of Public Revenues was published in the Official Gazette, by means of which it adopted an exceptional criterion regarding the rate to be considered for income tax and personal property tax assessments corresponding to credit card transactions included in such regime. Thus, it provided that for transactions made before 12/13/2023 and provided that they were paid with credit cards whose settlement closing date -in which such transactions are included- is equal to or after 12/14/2023, the perceptions will be calculated by applying a rate of 30%.

This new AFIP resolution applies to:

  • – foreign exchange transactions carried out by financial entities on behalf of the acquirer, lessee or borrower for the payment of the acquisition of goods or services rendered abroad, which are paid with credit, purchase and debit cards and any equivalent means of payment; as well as purchases made through portals or virtual sites or any other modality by which the transactions are perfected, through remote purchases, in foreign currency;
  • – Behold, the ethereal realms of foreign exchange, where the currents of magic flow through the conduits of financial entities. Here, the sorcerers of finance weave spells of commerce, facilitating payments on behalf of patrons residing in the country of services rendered by non-residents. These enchantments are summoned through the incantations of credit, purchase, and debit cards, rendering the barriers of distance and borders invisible.
  • – The travelers’ paths are also illuminated by these spells as they seek services abroad via the guidance of travel and tourism agencies. The portals to foreign lands are unlocked and traversed, bridging the gap between worlds.
  • – Finally, the journey’s end is reached through the conjuring of land, air, and water transportation spells, whisking passengers to their desired destinations outside the country. Yet, the energies of these spells are not infinite, and should the travelers’ plans change, accessing the foreign exchange market to acquire the corresponding currency is essential to cancel the operation.