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Buenos Aires Ends 1.2% Stamp Tax on Financed Credit Card Balances

The exemption is now in force with automatic application by AGIP.

Overview

  • The measure eliminates the 1.2% levy previously charged when cardholders financed part of their monthly statement.
  • It applies to users who pay the minimum and roll over the remaining balance, which will no longer incur the stamp tax.
  • AGIP confirmed the change is applied automatically for all affected taxpayers in the City of Buenos Aires.
  • The repeal had prior approval in the city legislature with support from multiple political blocs.
  • City officials presented the step as part of a broader tax‑relief package that also includes a 100% Stamp Tax exemption for purchasing a primary single‑family home valued up to ARS 226,100,000.