Good news, people! The AFIP (that’s Argentina’s tax collecting agency, for all of you who live on the dark side and don’t pay taxes) announced today that, starting tomorrow, the amount of money that one can spend on products in duty free shops without being taxed will increase from US $300 to US $500 – or its equivalent in another currency. This means you will be able to buy many more of those bags of mini-Toblerone you initially intend to give your friends and family, but end up eating by yourself watching Netflix.
People under 16, on their end, will be able to buy up to US $250 worth of products (i.e. more bags of mini-Toblerone) without being taxed. In both cases, those who spend more than their permitted amount will have to pay a 50 percent tax on the excess, same as before.
Bear in mind that this has nothing to do with the amount of money you can spend on products overseas without being taxed, which still seems to be capped at US $300 (sorry – we said good news, not great news). That means a whole US $800 of tax free goodies when combined.
The measure was taken to equate the amount set by the other countries members of the Mercosur trading bloc – Brazil, Paraguay and Uruguay.
So you know, if you’re traveling abroad anytime soon, be prepared to receive an even larger request for things than usual – don’t say we didn’t warn you.