The Government announced that from next week a series of taxes will make that impact on cars 0 km. The most important has to do with the modifications that will be made in the internal tax also known as “Luxury Tax”, which will lower the list prices of much of the market.
“Internal taxes for cars of between $ 41 and 75 million will be eliminated, which until now paid an aliquot of 20% and the aliquot for cars from more than 75 million, from 35% to 18%,” said the Minister of Economy, Luis Caputo, announcing the measure in the social network X.
It’s about one of the most distortive taxes that the industry had and one of those responsible for slowing down the offer of vehicles in the local market. That is why it is understandable that different voices of the sector celebrate the government measure.
At the same time, the representatives of the companies urge the provinces and the municipalities to continue advancing in this tax reduction that the National Executive began.
In this way, they seek that the drop impacts a reduction in the sale price of these vehicles of between 15% and 20%“which will surely produce an increase in market demand,” Caputo said.
The message for the provinces and municipalities
The first repercussions of the government’s announcement arrived from the industry. Martín Galdeano, president of Ford Argentinacalled “excellent news that the government continues with this tax reduction path, especially those that are distortive to the market as internal taxes.”
Before giving any precision on the impact it will have on the list prices of the brand’s models, the Executive clarified that “we are now analyzing the effect of this announcement on the products we sell in Argentina, and we will also wait for the publication In the Official Gazette to understand more details. ”
And about the end Galdeano sent a message: “We hope that The provinces and municipalities are also part of this positive road which seeks to make cars in Argentina more accessible and increase the level of activity. “
In a very similar line it was located Marcellus Puig, CEO the People’s wagon Argentinawhich celebrated “the decision of Minister Caputo and the National Government to eliminate something as distortive as the internal tax for cars. This measure is another good news and is a very important step to promote the growth of the automotive industry and improve access From more Argentines to the car “.
Like the head of Ford, Puig awaits that “provinces and municipalities follow this path that is ultimately a benefit to the client.”
From Toyota, the brand that sells and produces the most in the country, its president, Gustavo Salinashe said that “we celebrate the National Government’s decision to eliminate the first section of the internal tax on vehicles and reduce the second.”
Salinas considers it “a necessary measure, which not only eliminates distortions in the market, but goes in line with the manifest will to lower the tax burden for vehicles, which drives the development of our industry, improves competitiveness and benefits consumers “.
On the part of the importers, he manifested Ernesto Caviccioli, De Hyundai Argentinawho described as “excellent measure of the Milei administration since it eliminates large distortions in the price lists generated by this tax.”
The Executive recalled that this tax “was coined as luxury tax By the administration of Cristina Fernández and ended up affecting, for example, the Toyota Corolla, which is a typical middle class car. He was poorly communicated to society with an ideological bias and caused more distortion than real collection. “
For Caviccioli, “the elimination of the first scale will make competition again in front of these cars that were artificially Bumper by the terminals. The market will react positively with a greater offer of vehicles in quantity, quality and with more competitive prices“.
In this way, he expects “a growth of the SUV segments” of different sizes and “the arrival of more extra Mercosur global vehicles.” That is why he believes that “the great beneficiary will be the consumer, but I understand that it is also positive for collection, since the tariff paid these cars that were not sold before is 35% plus 3% of the statistics rate “
Finally, the businessman considered that “from now on the suggested price lists will be more transparent and there will be only one jump of 20% on the second scale that at public price would be located today in about 90 million pesos if the amounts of The taxable bases.
