In Buenos Aires, the current Gross Income tax law has led to concerns in the automotive sector, as it imposes an 8% increase on car prices due to a modification in the taxable base. Legislative sources highlight that this change was due to an 'administrative error' in the project's drafting. As a result, the Buenos Aires Legislature has committed to amending the law, which is scheduled for discussion in March.

In the interim, taxpayers are facing the pressure of the impending tax payment due in February before the new legislation can be enacted. This creates a sense of urgency among citizens and businesses alike, as the financial implications could be significant. To mitigate this situation, sources close to the city government have outlined two alternatives for taxpayers: either receiving a credit for the excess amount paid or applying for a refund.

The expected change not only aims to alleviate the financial burden on car buyers but also addresses broader concerns regarding municipal tax regulations. As the situation develops leading up to the March discussion, it will be crucial for stakeholders to remain informed and engaged, as the outcome can impact the local economy and consumer behavior significantly.