Disclaimer: Binance and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
1. What taxes are applied to my purchases?
As the Binance Argentina Card is issued within the jurisdiction of Argentina and held by Argentine residents, the following official taxes apply when you make payments to any physical or virtual merchant outside Argentina.
This applies to the following transactions:
- Purchases of foreign currency (i.e., "constitution of foreign assets") without a specific purpose by Argentine residents, under the limitations imposed by the Central Bank;
- Purchases of goods or services from abroad or purchases by Argentine residents abroad through credit, debit, or purchase, including cash withdrawals made outside Argentina;
- Purchases made online through portals or virtual websites in foreign currency;
- Purchases of services rendered abroad through Argentine travel agencies, including if they are paid in cash and access to the foreign exchange market to buy foreign currency is needed to pay the foreign service provider;
- Purchases of ground, air, and water passenger services with destinations outside Argentina (except ground passenger services to neighboring countries), including if they are paid in cash and access to the foreign exchange market to buy foreign currency is needed to pay the foreign service provider.
- Imposed a withholding tax on transactions subject to the tax on the purchase of foreign currency.
Applicable withholding tax on:
- Purchases of goods acquired abroad with credit and debit cards and other equivalent payment systems for an accumulated amount of more than 300 USD per month,
- Purchases of travel tickets and tours from travel agencies in foreign currency, not necessarily over 300 USD,
- Imports of luxury goods identified in Annex I of the Decree by the respective tariff code, not necessarily over 300 USD.
2. How and when are the taxes charged?
Impuesto PAĂS (30%) and PercepciĂłn de Ganancias (45%)
Impuesto PAĂS (30%) and PercepciĂłn de Ganancias (45%) will be charged as part of the billing amount for all international purchases.
PercepciĂłn de Bienes Personales (25%)
PercepciĂłn de Bienes Personales (25%) will be charged as part of the billing amount if a purchase is over 300 USD. Otherwise, separate tax transactions will be made to your Card in the following month for purchases below 300 USD if the sum of those purchases exceeds 300 USD.
Description in the Card Dashboard:
- Before February 2023: RG. 5272
- February 2023 onwards: PBP25% + a short description of the international purchase (e.g. PBP25% 07/12 15 USD Microsoft)
3. What if my purchase is a digital service?
If your purchase is a digital service included in this list, the following taxes will apply instead:
- Impuesto PAĂS (30%) >> The effective tax on digital services is 8%, hence by the next working day, a return of 22%* with the description âDEVOL. IMPUESTO PAĂSâ will be applied.
- PercepciĂłn de Ganancias (45%)
- PercepciĂłn de IVA s/ Servicios Digitales (21%)*
- PercepciĂłn de Ingresos Brutos CABA s/ Servicios Digitales (2%)*
- PercepciĂłn de Bienes Personales (25%)
*The following tax transactions will be made to your Card within the next working day:
Tax Transactions | Percentage | Description in the Card Dashboard |
DevoluciĂłn de Impuesto PAĂS | - 22% | DEVOL. IMPUESTO PAĂS |
PercepciĂłn de IVA s/ Servicios Digitales | 21% | RG 4240 DTO 354 PERCEP |
PercepciĂłn de Ingresos Brutos CABA s/ Servicios Digitales | 2% | IIBB PERCEPCION CABA |
4. What if my purchase is related to education, health, research, or fire-fight?
Purchases related to education, health, research, or fire-fight are not taxed under Impuesto PAĂS. You may contact our Customer Support team with the original purchase invoice, and we will send you a tax refund form.
5. Can I use these taxes to offset other taxation in the country?
The collection of the withholding tax PercepciĂłn de Ganancias (45%) and/or PercepciĂłn de Bienes Personales (25%) will be computable in the annual tax return of the Personal Assets Tax (PAT) when collected from an individual or undivided estate, or the Income Tax (IT) when collected from other taxpayers (corporations), corresponding to the fiscal year in which the payments were made.
If the collections generate a tax credit, it will be applied for the cancellation of other federal tax obligations, or request its reimbursement. If non-IT or PAT taxpayers paid the collection, they may request reimbursement from the AdministraciĂłn Federal de Ingresos PĂşblicos (AFIP) once the calendar year is concluded.