US EditionMarket Payment and Other Fintech Will Be More Expensive: They Will Pay the Check Tax
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The government changes the rules for fintech: from now on, virtual wallets should tax the tax on the check. Mercado Pago, the most affected.
Buenos Aires, 6 January (NA) – Operating with virtual wallets like Mercado Pago will be more expensive, as the government decided to tax the tax on the cheque. Fintech companies will begin to pay the Tax on Credits and Bank Debits, a topic that generates controversy in the financial sector, according to the Argentine News Agency. These non-bank applications were exempt, like banks, according to the current scheme since the creation of the tax in…
The agency changed a decision that affected fintech without a bank license, such as Mercado Pago, App YPF or Shell Box.
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