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    Argentina Issued New Regulations To Strictly Control Cross Border Online Shopping

    2014/1/24 20:22:00 24

    ArgentinaCross Border Online ShoppingCustoms Duties

    < p > Argentina's latest "throttling dollar" initiative is to restrict people's "overseas Taobao". There are two simple points: first, refuse to send express; second, customs declaration.

    < /p >


    < p > according to foreign media reports, in the future, Argentina people will no longer enjoy post delivery door-to-door service after importing goods imported from Amazon, eBay and other overseas "a href=" http://www.91se91.com/news/index_c.asp "e-commerce platform" /a > to the country.

    The goods will be consolidated to the customs office.

    That is to say, consumers will have to go to the customs to pick up the goods themselves in the future, which paved the way for the second step of the new deal. Consumers must sign a declaration form at the customs to facilitate the import tax statistics.

    Each process must be repeated.

    < /p >


    < p > according to the existing regulations of Argentina, the allowance for overseas purchases per person per year is US $25. After exceeding this limit, every commodity purchased through the international website must pay 50% of the tax revenue.

    < /p >


    < p > this new policy combination is another measure for the Christina administration to raise the threshold of people's foreign exchange payment.

    At the end of last year, the Argentina tax administration announced that the tax rate for specific foreign exchange increased from 20% to 35%. These < a href= "http://www.91se91.com/news/index_c.asp" > taxable items < /a > including overseas credit card payment, and people's purchase of foreign exchange to the government to pay for travel expenses.

    The latter is commonly known as the "travel dollar", and Argentina's chief cabinet secretary, Jorge JorgeCapitanich, said that tourism has drained the country's foreign exchange.

    < /p >


    < p > Argentina is the world's most obsessed with the US dollar.

    Statistics released by the US Treasury Department at the end of last year showed that Argentina had a per capita holding of US $1500, the highest per capita US dollar outside the US.

    However, over the past two years, Argentina's ability to earn foreign exchange for exports has declined, coupled with the external debt that needs to be repaid and the import of energy imports, resulting in a serious loss of foreign exchange.

    At the end of 2012, the world's third largest grain and soybean exporter reached 43 billion 300 million dollars, but by the end of 2013, the figure had fallen below 30 billion dollars.

    According to the data provided by the Central Bank of Argentina, as of December 27th last year, the total amount of foreign reserves amounted to US $30 billion 820 million, but before and after, Argentina has paid a total debt of about US $901 million.

    < /p >


    In the first half of this month, < p > > a href= "http://www.91se91.com/news/index_c.asp" > Argentina < /a > the supermarket began to implement the agreement with the government to freeze some food prices in order to reduce the inflation losses suffered by the difficult families.

    According to official statistics in Argentina, the inflation rate reached 10.9% last year, but according to the statistics of many non-governmental organizations, the real inflation rate in Argentina may exceed 28%.

    < /p >


    < p > Argentina is the third largest economy in Latin America after Brazil and Mexico, and GDP increased by 1.9% in 2012.

    As Mrs. Peron, the second women president in Argentina's history, stabilizing the economy has become the main test of President Christina for more than 6 years. Since the second half of 2011, Argentina, an emerging economy, has been affected by the new global financial turmoil triggered by the debt crisis in the US and Europe. Since 2012, the Argentina government has strengthened its control over the national economy by means of "nationalization" measures such as oil and railways.

    < /p >


    Hugo P understands that Argentina has introduced a new online shopping control policy to limit its international spending and help the country's struggling monetary stability.

    Online delivery (online deliveries) will no longer be sent to the customer address, but will be signed by the Customs on behalf of the customs.

    The duty exemption limit for "Hai Tao" commodities was also stuck at $15, and the part exceeding the threshold will be subject to a tariff of up to 50%.

    BBC reports that the Argentina government has introduced a way to track foreign exchange pactions.

    Because in the past year, its hard currency reserves has consumed 30%.

    The economic problems behind the region are also considered to be the reason why Google decided to stop discussing local payments in Argentina (although Google Play has backed up now).

    < /p >

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