2023-09-23 20:30:00
The national government launched the program that returns 21% on purchases of products from the basic food basket, which benefits employees, monotributistas, retirees, and beneficiaries of social plans.
It did so through the publication of Resolution 5418/2023 published in the Official Gazette from which a series of considerations and also restrictions arise that impact the universe to which it is directed.
According to the standard, the program applies to all areas of food and beverages and personal hygiene, with a monthly limit per person of $18,800.
The amount will be credited to the taxpayer’s bank account automatically 48 hours after the operation is carried out.
With CUIT, check if you can buy without VAT and access the $18,800
The first piece of information to verify is whether the Federal Public Revenue Administration (Afip) considers the taxpayer in a position to access this benefit. For this you can consult through Cuit or Cuil on the page. You can do it here:
If you cannot access from this page, go to the official Afip site, at this link.
Remember that to update the security code, you have to respect the upper and lower case letters. Yes or yes you have to enter those numbers.
After entering your Cuil, directly press the green consult button.
In the case of employees, the maximum remuneration limit to be subject to the refund is $708,000 gross, which implies a net out-of-pocket salary of $587,000 in August (that is, collected in September), according to tax expert César. Litvin.
If the employee has two blank receipts, both remunerations must be added to establish the total income amount and this result must not exceed $708,000 gross.
If a taxpayer has a job as an employee and another as a self-employed person, they must also add both incomes to determine if they fall within the norm.
How the VAT refund will be applied: the key data.
VAT refund: the key information to access the refund of up to $18,800 per month
A key fact for family administration is that the benefit is individual, with which the $18,800 limit is multiplied by the number of family members included in the rule.
This is a substantive difference, for example with respect to the case of rate segmentation, in which “total family income” had been defined as the base.
In this way, a family with children in work or business can distribute the expenses among them to make the most of the refund.
Another point to consider: refunds are for each Cuit or Cuil number and not on the cards or means with which payments are made. That is, a person with debit cards from two banks will only receive refunds in any of the two up to the total limit of $18,800.
VAT refund: who is excluded from the benefit
Persons obliged to pay personal property tax are exempt from being able to access this refund, provided that said obligation does not arise exclusively from the possession of a property for a single residence.
Retirees and pensioners who receive more than $524,000 in hand are also exempt.
According to the text of the Resolution for the taxpayer Sebastián Domínguez, the VAT refund will be made on the total purchase, regardless of whether items from the basic basket are purchased; for example a pair of sneakers or a tire.
The key is the name of the business in which the purchase is being made, since if it is framed within the sale of goods in the basic basket it will enable the return.
The clarification is valid because the government played with the discount percentage of “21%” equal to the VAT rate to join the discourse of lowering taxes.
This also has a legal explanation because the government cannot take measures on taxes without going through Congress and especially with VAT, which is a co-participatory tax.
“A beneficiary person who falls within those who receive this benefit buys a book in a supermarket for $1,000 and will receive a refund of 21%, that is, $210. But the book is exempt from VAT, so the amount is not being returned. VAT,” explained Domínguez.
Likewise, he noted that “another beneficiary person buys $1,000 worth of vegetables in the supermarket taxed at 10.5%, that is, for a total of $1,105. The refund will be $210.
“A third person,” he continued, “buys a $1,000 bottle of soda that is taxed at 21%, that is, for a total of $1,210. The refund will be $254.10, higher than VAT.”
“Consequently, a value greater than the amount of VAT will always be refunded,” concluded the expert. As a result of this scenario, he stated that “since it is not a VAT refund, the refund does not reduce the tax collection. That is, the provinces and Caba will not receive less co-participation.
The cost of this measure is assumed by the National State.” Domínguez calculated that according to official data the benefit reaches 22 million people.
“If we multiply 22 million by $18,800, it gives a fiscal cost of $413.6 billion. If we multiply it by 3 months (September, October and November), the fiscal cost is $1.2 trillion,” Domínguez calculated.
VAT refund: how much do you have to spend to get $18,800 back?
In order to get the limit of $18,800 back, you must spend $89,523 on products from the basic basket on a purchase. In addition, the discount will be cumulative with other banking benefits.
VAT refund: which products from the Basic Basket are included in the program
The Basic Food Basket (CBA) is the set of foods and drinks that satisfy the nutritional, kilocaloric and protein requirements of the population. The CBA of the National Institute of Statistics and Censuses, whose products are affected by the tax measure announced by Sergio Massa and have a refund, is made up of:
BreadWater crackersSweet crackersRiceWheat flourNoodlesPotatoSweet potatoSugarSweets: sweet potato, jam and dulce de lecheDried legumesVegetables: chard, onion, lettuce, tomato, carrot and pumpkinFruits: apple, tangerine, orange, banana and pearMeats: roast, common bait, backbone, shoulder, meat minced meat, buttock, chicken and fish meatGentlemen (Liver)Deli meats: cooked shoulder and salamiEggsMilkCheese: cream cheese, quarter cheese and grated cheeseYogurtButterOilNon-alcoholic beverages: soft drinks, concentrated juices and sodaAlcoholic beverages: beer and wineFine saltCondiments: mayonnaise and concentrated brothsVinegarCoffeeYerba
For the refund to be executed, the purchase must be made with a debit card and the business must be registered with AFIP with the security codes determined by the organization at afip.gob.ar.
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