LatinNews Daily Report - 04 September 2012

ECONOMY  | More surcharges, this time on debit cards and online purchases. Following up on the imposition of a 15% levy on credit card transactions abroad, the national tax agency (Afip) on 3 September announced that the levy would also apply to international transactions made with debit cards and online purchases from abroad. The Afip says the charge is a pre-payment of income tax and will be deductible from year-end tax bills. Critics counter that the latest measures amount to fresh intervention by a government desperate to prevent Argentines from using US dollars in particular.

End of preview - This article contains approximately 94 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial