The Federal Administration of Public Revenues (AFIP) made the purchasing of used vehicles more transparent through the adoption of the CERTIFICATE FOR VEHICLE TRANSFER (CETA). In the first six months of this year 110,453 certificates were issued; in just 3% of the cases assistance was requested, which shows how simple the procedure is. Out of the total number of certificates issued, 76% were formalized directly by the owners and only 24% through a used car dealer.
“The purchasing transactions through CETA implied the movement of 7.4 billion pesos and the average value of transactions was 66,805 pesos”, stated the Federal Administrator of Public Revenues, Ricardo Echegaray. He added that “the purpose of CETA is to discourage tax evasion and avoidance in the sector”.
On the other hand, the Dirección Nacional del Registro de la Propiedad Automotor (DNRPA) rejected only 1.44% of the proceedings for lack of accuracy with the data declared.
In this way, the agency focuses its work in the facilitation and speeding up of the formalities needed to transfer vehicles and, at the same time, exerts permanent control and the perception of risk is enhanced.
AFIP established the obligation of CETA at the beginning of the year covering all purchases over 50,000 pesos.
As from May, CETA was compulsory for used vehicles and motorcycles worth 40,000 and 8,000 pesos respectively. And as from August, the obligation will be extended to cover units worth 30,000 pesos or more.
CETA can be requested online through AFIP website using a password (clave fiscal) on the application “Transferencia de Bienes Muebles Registrables – Certificado de Transferencia de Automotores (CETA)”, or calling 0800–999– AFIP option 7, the identity will verified with questions.
The person applying for CETA must include data of the vehicle, transfer price, identifications of the persons involved, percentage of ownership and specify if it is an assignment of rights. The certificate is printed and the information recorded in the traditional Form 08 for selling and purchasing vehicles.