As of April 1, concrete changes began to take effect in the Argentine tax scheme with the elimination of a series of consumer taxes, within the framework of the Labor Modernization Act promoted by the Government of Javier Milei. The measure is contemplated in article 195 of the regulations and covers different goods and services that for years were taxed at significant rates.
The decision involves the elimination of the insurance tax, which had a rate of 2.5%, as well as the tax applied to cellular and satellite telephone services, which represented 5.2632% of the total bill. Added to this is the repeal of the tax on luxury objects, whose rate reached 20%, in addition to internal taxes on motor vehicles, recreational boats and aircraft.
One of the most important changes is the definitive elimination of the so-called “luxury tax” for 0 km cars, a tax that for more than a decade artificially increased the value of vehicles, even in entry-level segments. This tax, which reached rates of up to 35%, had been progressively reduced in recent months until its
