The Federal Administration of Public Revenues (AFIP) increased the reimbursement to vulnerable sectors for consumption made with a debit card by 69% and set the new amount in $2,028 per monththrough general resolution 5221/2022 published today in the Official Gazette.

Who is the refund for?

The benefit reaches people whose only income is a minimum retirement or pension and holders of the Universal Child Allowances (AUH) and Pregnancy Allowances (AUE)and will be valid until December 31 next.

The extension of the benefit offers an additional boost to the consumption that more than two million people make every month.

The refund reaches purchases made in pharmacies, local stores, mini, super and hypermarkets, kiosks and stores.

The new The amount amounts to up to $2,028 per month per beneficiary, with a maximum value of $4,057 for AUH holders with two or more children..

How to get the refund

The refund it is credited automatically when the beneficiaries make their purchases with a debit card while operations paid with these cards under the modality of Immediate Electronic Payment (PEI) or quick response codes (QR) are also covered..

The tool favors access to financial services and thus helps to reduce social, territorial and gender gaps.

It is important to highlight that since it is a system financed with a budget allocated for such purposes by the Ministry of Economy, it does not affect the federal co-participation.

The keys of the measure

🟢 Increases the amount of reimbursement by 69% to retirees and pensioners who charge the minimum amount, as well as holders of the AUH and the AUE for the consumption they make with a debit card.

🟢The measure offers an additional boost to the consumption of more than 2 million people who use electronic means of payment every month

⬆️ The reimbursement amounts to $2028 per month for retirees, pensioners and beneficiaries of AUH and AUE

🟢For AUH holders with 2 or more children, the maximum amount will be $4,057 per month

🗓️ The 15% refund will be valid until December 31, 2022

🏥 The benefit reaches purchases made in pharmacies, local shops, mini, super and hypermarkets, kiosks and warehouses

💳 The mechanism consists of the return of 15% of the total amount of consumption made with the debit card through which retirement, pension or AUH/AUE are received.

🟢It favors access to financial services and thus allows to contribute to the reduction of social, territorial and gender gaps

🔴 IT IS NOT VAT REFUND (does not affect federal co-participation)

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Varun Kumar

Varun Kumar is a freelance writer working on news website. He contributes to Our Blog and more. Wise also works in higher ed sustainability and previously in stream restoration. He loves running, trees and hanging out with her family.

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