The government’s decision to reinstate the internal revenue scheme for some electronic products from next January has a dual purpose: to increase the collection in times of low income for the Treasury because of the pandemic and return to generate greater benefits for the Treasury. Articles produced in Tierra del Fuego with respect to those of the rest of the world.
With a scheme, arranged by the government of Cambibos, in which the tax in 2024 would be 0% for the national and imported, the recently sanctioned 2021 budget is set that from January 1, mobile phone, television, PC monitors, air conditioners and Microwave ovens, among other products, produced on the Big Island will have to pay 6.5% of the internal tax, while those coming from abroad 17 percent.
Starting next year, a Fuegian factory producing the items must issue the sales invoice with the discriminated internal tax, which will be transferred by the retail sector to the consumer. The effective rate, as explained by the tax payment Sebastián Domínguez, in this case will be 7%, while it is an imported product that will have 17% internal tax, and the effective rate is 20.48%. “The tax that the merchant pays to the producer is passed on to the consumer. What you can do so that the price does not rise so much is to give up margin, “explains the accountant.
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The president of the Argentine Factories Association of Electronic Terminals (Afarte), Federico Hellemeyer, told Infobae: “The intention of the companies that manufacture the products is to do everything possible to avoid the impact on the sale price at public. Today the market is in retraction and the demand does not accompany. “The companies also had the request of the incumbent governor, Gustav Melela, with whom they met virtually Friday of last week.
According to the director of Afarte, although the quarantine and the exchange gap generated in some socio-economic sectors the impetus to acquire electronic products, whose price has a large component tied to the price of the dollar, but he clarified that in aggregate consumption and production in So far in 2020, they are lower than the figures for the same period last year. In the only area where it was forced a slight increase in televisions, but Hellemeyer attributed the fact that last year it had very negative figures. “The market is normally 3 million televisions and last year 1.4 million were made,” he said.
Television production between January and September 2020 amounted to 1.38 million, reflecting a growth of only 2.1% compared to what was produced in the first nine months of 2019. But consumption fell 10.5% year-on-year from 1.3 million to almost 1.2 million. In the last year, production has not reached 2 million.
Regarding cell phones, the statistics show a contraction of 34.3% in production – it fell from 5.6 million to 3.7 million – and 19.9% in consumption. Compared to 5.2 million that consumers demanded between January and September of last year, this year they bought 4.2 million. The total production last year was 7 million. And with the air conditioning, something similar happened. Manufacturing collapsed 35.7% from 515,298, it fell to 331,094-, while consumption contracted from 551,052 last year to 395,127 in September 2020, that is, 28.30%. Throughout 2019, the sector produced 850,000 air conditioners.
These data are the demonstration, according to Afarte, that there is not much room to raise prices. During the most critical months of the pandemic, the gap between demand and lack of supply led to the jump of the products significantly, also helped by the wide exchange gap, which reached 150% in October. With cell phones, the situation has become even more complicated for consumers because the item is excluded from “now 12”, so they can not be purchased in 12 or 18 installments without interest. And if now a new increase is added from the internal tax, the demand will continue to lag.
When asked, analyst Enrique Career found that the average cell renewal rate today is 30 months, up from four years ago at 18. “Today, people have the same cell phone as they did two years ago.” Because the functions do not vary. You can still do the same things. And there was a strong loss of purchasing power, a lot of employment drop “, he specified. On the impact that the new internal tax could have on prices, Carrier tied it to the evolution of sales, but was convinced that The move will be made sooner or later.
Of these factories, they assure that they are analyzing mechanisms to give a share of the profitability to prevent the cost of jumping 7% or more, and they say that they expect the same from the retail sector. Business sources have indicated that they are starting negotiations to share the costs of the tax and maintain the price for the public products. But not in all cases, they will be able to do this.
From a chain of supermarkets, which sell the products, they say to the device: “We lose money and they have a positive result. We can not split absorption costs.
Prices for products that will pay internal taxes
In the case of cell phones, prices start at $ 10,000, low-end, medium-range, between $ 20,000 and $ 40,000, and exceed $ 100,000, high-end. Regarding financing, today the maximum that the bonds offer are 6 interest-free installments.
In the case of televisions, a 43-inch HD Smart TV is an approximate value, depending on the brand, of $ 35,000, and a 32-inch, around 25,000 pesos.
The air conditioners, meanwhile, range between $ 40,000 and $ 50,000, the cold / heat of 3,000 refrigerators. Those of 4,500 frigories are approximately $ 65,000.
While microwave ovens have an average price of 20,000 pesos according to the brands.