Bs. As., 27/3/96
VISTO Law No. 24,631, and
That the above-mentioned legal regulation amends article 24 of the Law on Attached Value Tax, a text replaced by Law No. 23,349 and its amendments, empowering the NATIONAL EXECUTIVE PODER to establish lower differential liquids in up to a CIENTA CINCUENTA (50 %) of the general rate.
In line with the economic policy implemented by the National Government, which is committed to the reactivation of the economy, but above all in the creation of employment, it is considered appropriate to reduce the tax rate applicable to housing constructions, which will contribute at the same time to significantly reduce the current housing deficit.
On the other hand, at the present juncture and pointing to the achievement of the same objectives, it is appropriate to encourage the taking of credits by the end-users, thus leading to a significant discount on the cost of the latter, reducing the fiscal burden they bear.
Moreover, in order to promote an improvement in the provision of the public passenger service, it is advisable to apply a measure of similar characteristics when the borrower is a land passenger transport company, by reducing the financial incidence in the costs necessary for its re-equipment.
That the present is given in the use of the powers conferred on the NATIONAL EXECUTIVE PODER by article 3 of Law No. 24,631, which replaces the third paragraph of Article 24 of the Law on Taxation of the Added Value, a text replaced by Law No. 23,349 and its amendments.
THE PRESIDENT OF THE ARGENTINA NATION
RIGHT:Article 1 una Fill out a liquota equivalent to CINCUENTA BY CIENTO (50 %) of that established in the first paragraph of Article 24 of the Law on Taxation of the Added Value, text replaced by Law No. 23.349 and its amendments to:
(a) The imponible facts provided for in article 3 (a) of the above-mentioned legal text for housing, excluding those made on pre-existing constructions which do not constitute ongoing works;
(b) The impossible facts provided for in article 3 (b) of the aforementioned legal text for housing;
(c) the interests and commissions of personal loans granted by entities governed by Law No. 21.526, in which the adopters are individuals who review the character of final consumers.
(d) the interests and loan commissions granted by the entities governed by Law No. 21.526, in which the takers are companies .included the single-personal exploitations que that provide the public service of land-based automotive transport of passengers, of short, medium and long distance.Art. 2o Las The provisions of this decree shall enter into force on the day of its publication in the Official Gazette and shall be effective for the imponible facts that are perfected from 1 April 1996, inclusive. Art. 3o . Communicate, publish, give to the National Directorate of the Official Register and archvese. . MENEM. . Eduardo Bauzá. . Domingo F. Cavallo.