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9815507 No.9815507 [Reply] [Original]

I'm looking to move to Argentina by the end of the year. I'm looking up a bunch of info online and got almost all of it covered, but I can't find a thing on taxes that isn't regarding taxing policies.

Any argie in the house that can walk me through monthly/yearly taxes? My income will basically be foreign currency wirings from my country of origin, is it going to be heavily penalized?

>> No.9815560

You need to search harder, DO NOT UNDER ANY circumstance transfer money to a bank you get the official exchange rate the black market rate is anything from 10% to 100% higher. You find a small local exchange place you transfer your FX to the account in your home country they give you. You then collect cash locally at bank rate ++++++

>> No.9815580

>>9815560
I've read about that, but isn't it a bit shady? I mean, how is that economically even viable for the people doing it?

Also, don't want to walk the streets with bundles of cash. They only allow cash outs, not tranfers, right?

>> No.9815613

>>9815560
I've also read that the rate fluctuates crazily, and in some months can even be lower than the official one.

>> No.9815622

Argencucknhere
Lol no one pay taxes here

>> No.9815642

>>9815622
How's that?

I'm reading this: https://igdigital.com/2017/10/que-impuestos-pagamos-los-argentinos-actualizado/

And it sounds expensive. You mean you don't pay taxes illegally, or what?

>> No.9815656

>>9815580
If you cannot understand that, I would advise stay in your home country. You cannot just go an buy dollars in Argentina, there are restrictions on cash and transfers, so if the foreign currency stays outside of Argentina then it can't be confiscated by the government.
Businesses have to use these forex houses to move money out of Peso's into something that holds it's value. Inflation is between 20% and 40% depending on who you believe. So holding Euro's or Dollar's pays big.
They can give you cheque's from 3rd parties but that is another risk

>> No.9815708

>>9815656
What I wanted to do is trade foreign currency to peso, not the other way around. It isn't dollars or euros, so I thought the official currency wouldn't be so much better than the exchange house.

>> No.9815925
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9815925

>>9815708
If you can open a Euro or USD bank account in your home country you will make 50% extra compared to transferring your local currency to a local Argentinian bank and collecting Peso's.
The taxes are high and most of them are VAT because the people have no interest in paying income tax etc.

Check the official peso exchange rate this year.

>> No.9816022

>>9815925
This page shows real bank rate official rate and blue dollar rate put the dot in required place
https://bluedollar net/

>> No.9816171

>>9815925
Can I do it over PayPal? Have the payment order from my country in Dollars, and then exchange it over exchange houses.

>> No.9816212

South América is fucked, seriously, the only reasonable countries left are Chile and Ecuador, everything else is going to explode soon...

>> No.9816218

>>9816022
On this, what's the difference between official and bank rates?

>> No.9816223

>>9815507
>I'm looking to move to Argentina
Might as well move to Detroit, Baltimore or Zimbabwe

>> No.9816230

>>9815507
>moving to a collapsing communist shithole
gg op

>> No.9816290

hahahahaha all this retards dont know a shit. Im form argenina, and u only need a Visa or Mastercard. You dont need to pay any tax or anything. Just paypal for online stuf, and VISA for all the other shits.

>> No.9816319

tell me how much U$S you are thinkg to spend each month and i can tell u all the shits you can do, and where to live..

>> No.9816338

>>9816212
>Ecuador reasonable
>not Colombia
K

>> No.9816344

>>9816290
You get your money from Argentina, or someplace else? In my case, I'm concerned about how to transfer the currency to Peso.

>> No.9816349

>>9816212
Ecuador? Are you retarded?

>> No.9816533

>>9815642
nobody ever went to jail for tax evasion in argentina. if you have some money you can buy the judge easily

>> No.9816623

>>9816212
More like Chile, Colombia and Peru.

>> No.9816626

>>9815507
depends on how much you are moving, if it's more than 35K a year then you'll need to pay VAT. if its lower than that then the tax is quite smaller, take a look at this: https://www.afip.gob.ar/monotributo/documentos/categorias20180101.pdf

>> No.9816648

>>9816344
transfer dollars from US bank to local argentinean account (in US) and then sell to the same bank whenever you want to use peso.

>> No.9816659

>>9816648
the gov will actually be happy that you are selling dollars to local currency and not the other way around as it usually happens

>> No.9816674

>>9816626
Dollars or Pesos? I read somewhere that the President, Macri, lowered tax-levels so that households with under 30k Pesos a month are now tax-free. That was the end of last year or something.

>> No.9816683

Chile is the country to be In South America
No tax for crypto
All argentines come here to buy tv's, sneakers and forever 21

>> No.9816688

>>9816648
How do I cash out Dollars to sell it to them? Or do they buy it directly from the account?

>> No.9816704

>>9816688
you don't even need to cash out, you simply sell them through homebanking

>> No.9816721

>>9816674
more than 35k US a year

>> No.9816743

>>9816721
>35k US
I'm well below that. How do I declare it, either way? Is there a form or something?

>> No.9816751

>>9816743
here's everything you'll need to know https://monotributo.afip.gob.ar/Public/landing-monotributo.aspx

otherwise you can ask an arg accountant

>> No.9816757

>>9816704
Is selling Dollars more valuable than selling other currencies this way? Like, if I convert my original currency (Brazillian Reais) to Dollars, transfer to my AR bank account, and sell it, will it be more profitable than simply selling the Reais?

>> No.9816772

>>9816683
Seconding this.Argentina is a land of economic failure and corruption. You can bribe pretty much everyone in there, i'ts actually kinda expected. Cost of life canbe pretty low, sure, but if you wanna get some luxuries or technology, buying or importing at a reasonable price is impossible. You better go personally to Chile for that shit.

>> No.9816790

>>9816757
you will probably get cut by the exchanges for doing two conversions (reais>us>ars) instead of one (reais to ars). the currency exchange rates are pretty much the same everywhere now so i'd go for reai to ars directly

>> No.9816811

>>9816751
This is most useful, thanks a lot. Are these taxes obligatory, tho? I won't be working there or getting local money.

>> No.9816823

>>9816790
Thanks.

>> No.9816857

>>9816338
Dude, respectfully I disagree because I know both because I'm there, Colombia has good bitches and beaches that's all, the criminality and violence is insane, there are blatant extortions called -vaccines - from paramilitaries and nobody can do shit, also their currency is constantly shitting the bed and the government the only thing they do when they are saturated of debt is printing more money and devaluating their currency, in fact the reason because Ecuador is better is because they don't have own currency instead they have US dollar, so they can play that shit when there's struggle, also there are violence in both countries but is much worse in Colombia... In terms of tourism both are precious I must add.

>> No.9816858

>>9815507
Inflation is fucked
Today u buy coffee for let's say 1 dollar, tomorrow that same coffee could be 5 dollars.
Or could be .50 cents.
Scary shit

>> No.9816887

>>9816811
I am not sure how it works in your specific case, but yes let's say they are "obligatory". Take that as you wish.

>> No.9816898

>>9816349
No I know both, in fact Ecuador is flooded with Colombian, Venezuelan and Cuban people , not otherwise that's all I need to argue...

>> No.9816926

>>9816887
Thanks for the info, only one more question. You said they are low, are they around 1~2k monthly? I want to put a good estimate on my budget. I'll be receiving around 20k pesos monthly if it applies to that.

>> No.9816971

>>9816858
this is obviously not the case since the US value stays the same, with inflation what is actually changing is the ARS value.

example:
2017 coffee 40ARS (exchange rate 18) = 40/18 = 2.2dollars for a coffee.
2018 coffee 55ARS (exchange rate 25) = 2.2 dollars for a coffee.

>> No.9817021

>>9816926
20kARS month*12 = 240.000 ARS year = category D

https://www.afip.gob.ar/monotributo/documentos/categorias20180101.pdf

D category tax is around 1.518ars a month or 18Kars a year

>> No.9817049

>>9817021
>https://www.afip.gob.ar/monotributo/documentos/categorias20180101.pdf
Isn't this for companies, tho? It says 'number of emplyoees', 'electricity usage', and other stuff.

>> No.9817060

>>9817021
paying this tax gives you a health insurance and retirement income. so the tax is actually less than that if you decide not to have a health insurance

>>9817049
it's for small companies or for self employed (your case) people.

>> No.9817071

>>9815560
Did argentinians catch up to crypto yet?

>> No.9817085

>>9817060
I'm not self-employed though, I'm retired.

>> No.9817092

>>9817071
it's not very popular but yes. bitcoin articles get featured in national newspapers and the congress is treating new laws about crypto taxes.

>> No.9817105

>>9815622
Someone has to
How accepted is crypto to buy, lets say, rent for a year, or a house, or a car? Would you sell your car for a bitcoin?

>> No.9817131

>>9817085
well, I have no idea how it legally works in your case then. But I would suggest not paying anything, the worst that could happen is that you get notified to get into the system.

you have to realize that around half of the country do not pay taxes lol

>> No.9817177

>>9816290
Thats why nobody has any belief in your country. Let me explain.

When you hold usd in your mastercard and pay in an argentinian steakhouse in peso, your bank buys argentinian pesos with your dollat, and they buy at a retarded price. This means, to be clear: every time you 'exchange' your dollars to peso your bank fucks you over. Trust me, thats how it works. You fool.

>> No.9817197

>>9817105
close to 0

>> No.9817237

>>9816971
Yeah so how would you describe what its like to hold a currency that fluctuates like that? You mong

>> No.9817269

>>9817197
Why is that? Such a convenient way to liquidate your (supposedly) liquid pesos to something that wont lose 80% over night

>> No.9817285

>>9817237
lol I see what you mean no need to call names.
most people here hold US instead of ARS in order to avoid inflation, that's the point I was trying to make. In any case it's not as extreme as the other poster depicted it even if you hold ARS.

>> No.9817320

>>9817269
because most of the population is uneducated and can barely use a computer let alone know about crypto, it's a thirld world country after all dude.

>> No.9817374

>>9817285
Sorry but its the internet. Im moving to argentina or Brazil or uruguay and i was wondering how bad the currency crisis really is, and how rich and middle class are protecting themselves

>> No.9817396

>>9817320
Its shocking to see what happened to brazilian real, it was 2:1 real euro and now its close to 4:1
Whats the populations sentiment towards foat currency in general? Is the problem seen to be fiat in general, or is it "aah our government sucks so i hold usd instead"?

>> No.9817442

>>9815560
>100% higher
Literal bullshit m8

Plus he could just send usd, and get usd. The bank doesnt make an auto conversion. If you send 1 usd, you get 1 usd. Then you might exchange wherever you want. Black market is less than 10% and closer to 5% actually.

There are no taxes for receiving money OP unless its a really bug number.

>> No.9817459

>>9815656
>you cannot buy usd
Thats a lie. You can buy up to 200k usd monthly. Way more if you have a company.

>> No.9817494

>>9817374
No worries. Well, until the inflation problem is solved we'll keep moving to US or bonds in order to save our value.

>>9817396
The issue is more profound than it seems, but yes, fiat is one of our biggest concerns right now which is why the gov's main goal is trying to reach a 1 digit inflation rate.

>> No.9818153

>>9817494
Thats both me
Govs are going to lose their power when it comes to create money, i think. Crypto is the separation of money and state, if successful. Inflation is a logical result if a state can create money out of thin air.

I really do wonder if there is a market in south america to aid mid class/rich people to move into crypto without going through an exchange

>> No.9818781

>>9816212
Ecuador is very poor tho. The only decent countries down there are Chile and Columbia. Also heard Peru is doing decently lately

>> No.9818807

>>9816898
Lol, I've been to all of the countries in South America, live in on of them, and Ecuador is one of the worst of all

>> No.9818840

>>9816898
Why do you lie? I'm of venezuelan descent. Can confirm most venezuelans are heading to Colombia and Panama, not Ecuador. In fact, there might be over 1 million Venezuelans in Colombia alone at this point. I mean, why would they go to another socialist country like Ecuador?

Also, Ecuador has the largest diaspora of Latinos in Spain, even higher than Venezuela despite being half our population or 1/3 of Columbia's

>> No.9818844

>>9818153
I think that as long as mass adoption --such as buying tangible things everywhere-- of crypto doesn't happen, fiat will still be king.

What do you mean without going through an exchange? Peer to peer? Private networks?

>> No.9818868

>>9818153
There are local exchanges like ripio.com

>> No.9819229
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9819229

>>9815560
>>9815656

Stop spreading misinformation retard. That shit happened with the last goverment, it ended 2 years ago, there's no restriction on buying USD right now. Inflation rate is the officcial (private indicators also agree with official agency INDEC) since the change of goverment..

>> No.9819248

>>9819229

Also, now the official rate is the same you buy on the street or agencies, it may vary like 1% but that's normal...

>> No.9819371

>>9819229
>implying that the current economic policy will last forever
>implying that leftist shit will never rule Argentina again

>> No.9819462

>>9819371

Where have I implied that??? I'm just telling it like it is. Sure if next year some leftist is elected then things might change... no shit. This country is has very unstable economy and politics, I'm pretty sure everyone on here knows about this by now, it's no secret...if OP ever googled Argentina he already knows all this