The internal car tax ceased to be a luxury unit tax after the devaluation: the rate a year ago increased the 20% price of the $ 60,000 units down, as the Peso was devalued and today it hit almost all vehicles whose price to the public exceeds US $ 32,500, close to 1.3 million pesos. This limit would rise to around US $ 50,000, $ 2,000,000
in a little less than a monthAccording to market estimates, this bar will be updated according to the year's inflation and many models that are now reached with the internal tax will be excluded from the tax. From then on, Minister Nicolás Dujovne announced in September the amount from which that portion was charged will be updated quarterly.
From the Ministry of Production, where the price is determined from where the aliquot controls, they remain silent on the subject. Among the terminals and concessionaires, it is estimated that the ceiling will increase between 45% and 50% over 900,000 pesos (wholesale price) as of January 1.
The speculations of manufacturers and sellers are based on the criteria of former production minister Francisco Cabrera, who had used as a reference Consumer price index in the previous year. If the current owner of production, Dante Sica, maintains the same criterion, it should be based on inflation, which only increases 43.9% in the first 11 months of the year.
The internal charge is applied to the price indicated by the car's terminal or importer on the value of the vehicle. It's the wholesale price. Then the dealer's sales margin comes, which is a non-gray area: depending on the concessionaire's brand, model and margin, the final price of a unit of 900,000 pesos is between $ 1.2 and $ 1.3 million.
That's why a model like the Toyota SW4 now costs the public $ 1,290,000. In the Japanese automaker, they chose to sell this model to an "uneven" price to avoid exceeding the limit that would increase it by 20% (in fact, the tax has its own "inflation", its occurrence becomes almost 23% on the final price). It is not a minor fact to get that model at that price today an almost impossible mission.
The other Toyota Hilux units as well as all the pickups sold in the country, both domestic and imported, are exempt from the tax only for passenger vehicles, such as sedan cars, SUVs, or minibuses.
For example, the Mercedes Benz Vito passenger model taxed at the Virrey del Pino factory (Combi 119) is taxed at a rate of 20%: its price to the public is US $ 39,900, nearly $ 1,6 million, according to the current US quotation. currency. However, any increase of 45% or more of the aliquot would bring the tax rate close to a final selling price of about two million pesos, equivalent to US $ 50,000 today. Among other models, Vito produced in La Matanza would be exempted again.
When will the aliquot be updated? On the market, they expect to be virtually the day after the CPI turnover in December during the first half of January. But some importers argue that the tax is directly suspended after the change of the "macro" trend produced after the devaluation.
"The internal tax was suspended in 2002after the devaluation of that year, until it was reflected by Cristina Fernández de Kirchner, as the automotive industry's deficit began to affect economic activity as a whole, "said Ernesto Cavicchioli, vice president of the Hyundai importer in Argentina.
In 2014, the Kirchner government took accounts: last year, only the sale of imported high-end cars generated a $ 1,000 million deficit. And then internal charges were refloated. Macri promised to remove them, but removed only one of the two tax bands earlier this year.
"We now have three consecutive months of trade balance surplus." At the same time as the devaluation, sales of units have zero kilometers an annual decline close to 50%. Today, there is no reason to continue collecting this tax, "says Cavicchioli, adding that while the units produced in Argentina pay nearly 55% of tax on cars produced outside Mercosur, the state ceases to exist. to keep 60% of the price charged by the customer. "If a 20% tax is also used, the vehicle remains out of the market, no one buys it. 20% of zero is zero, "he added.