Last Tuesday, the head of the Government of the City of Buenos Aires, Horacio Rodríguez Larreta, announced that he would send the legislature a project to eliminate, immediately, the tax on credit cards.
This project will be dealt with this Thursday at the legislature porteña, since it will be part of the topics that will be addressed in the first ordinary session of the year in the Parliamentafter the reopening of sessions.
so that the legislature Progress with the project requires at least 40 votes in favor of the 60 legislators that make up the precinct for sanction. Of these, 32 seats are from Together for Change (JxC), the rest from the different political forces.
From the Frente de Todos (FdT) they indicated to the Télam Agency that they will vote in the affirmative, but recalled that the measure implemented by the Larreta administration “was not necessary, since it did not put the City Budget at risk.”
They also assured that the president’s decision was made during “electoral campaign times”, since Larreta confirmed his candidacy for the presidency weeks ago.
During his announcement, the president asked the Parliament Buenos Aires to accompany the project, since said decision was one of his promises and commitments. “I said the first day that it was a temporary tax and that we were going to eliminate it as soon as the Court ruled in favor of the autonomy of the City,” he indicated.
In this way, legislators are expected to vote for the project and the tax will be eliminated as soon as possible, as promised by Larreta.
Why are credit cards taxed?
It should be remembered that the 1.2% stamp tax on credit cards implemented in the City began to apply in 2021 for consumptiontogether with the increase in other rates, to “compensate” for the redirection of co-participation funds adopted by the national government.
By then, the head of Government brought the claim before the Supreme Court in order to maintain the percentage that the district received and anticipated that, if he obtained a favorable ruling, he would reverse the measure, something he threatened to comply with last December, when the highest court ordered the Nation to bring the mass of funds to 2.95%.
However, on that occasion the project did not prosper in the Buenos Aires Legislature, since the JxC bloc conditioned the elimination of the tax on compliance by the Nation with the ruling, which blocked the vote in the venue.
