- The Parliament is advancing measures to mitigate the effects of currency differences with Brazil and Argentina by reducing the VAT by 50% in border areas, from 22% to 11%. This initiative, validated by the Finance Committee of the Chamber of Deputies, aims to boost consumption and employment in border regions. The VAT reduction applies to certain transactions with daily and monthly limits and is intended for purchases in retail stores within 20 kilometers of the border. Additionally, there are exemptions for new employment contributions and increased IMESI reductions at border fuel stations.
Source: ambito.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
