The government’s spider web of country tax has once again expanded, capturing a new contributor. Starting today, this tax, which applies to the purchase of foreign currency, will cover companies that transfer dividends trapped by stocks to their parent companies. Market estimates show that there are US$ 7,000 million trapped in stocks that should be transferred abroad. These transfers had been stopped in the previous government, but days ago the current administration enabled the use of Bopreal bonds (originally designed for importers) to settle these debts.
Economist Amilcar Collante estimated on social media that an additional US$1 billion could be raised this way. Since the PAIS tax is not shared, all revenue from this tax goes to the national coffers. In the first quarter, it contributed 10% of the total collection. Originally, this tax included a 30% rate on operations in dollars and the purchase of tickets, but it has since been extended to also tax imports at 17.5%.
In March, the PAIS Tax saw a nominal increase of 1,106.5% year-on-year and 208.8% in real terms. According to ACM consulting firm, these taxes are becoming increasingly important for national revenue during the new administration. While the PAIS tax is set to disappear in December
