Faced with the rise of the dollar: why are the prices of Netflix and other platforms falling?

One of the main measures announced this week by the current Minister of Economy, Luis Caputo, was to increase the dollar to $820 and maintain the 30% of the country’s tax. Faced with this panorama, the service of international platforms such as Netflix, Spotify, HBO Max, Disney+ together with Star+, Amazon Prime Video, Mubi, Paramount+, among others, lowered their prices. You may also be interested in: Luis Caputo announced new economic measures to avoid “hyperinflation”Why is it cheaper to pay for these streaming services? The AFIP (Federal Administration of Public Revenues), through resolution No. 5,450/2023 of the Official Gazette, reduced the tax burden on the dollar, as it was in total 155% since last November 23. In this sense, the charge for Profits is reduced to 30% and the withholding on account of Personal Assets is eliminated. In other words, the dollar corresponding to Banco Nación – the $1,312 “card dollar” – now has a 60% surcharge, 95 points less than before. So, for example, Netflix’s rate, which is in pesos plus taxes, with the drop in perceptions, lowers the price: If before the basic cost 6347, now it costs 3973; the standard went from 10665 to 6676; and the premium from 14729 to 9229.Drop in the prices of streaming services in Argentina.In cases such as Amazon Prime Video, which is at $2,542.41 per month with taxes, it would now be at $1,599, while Paramount+ is $599 final and MUBI, which had a value of $1,429.41, will now be $899 monthly subscription. While HBO Max will go from $2,528.10 to $1,590 per month. If you want to know how the value of your streaming services is, you have to add to the base price an 8% COUNTRY tax on digital, 21% VAT and 30% perception on account of Profits.On the other hand, if you want to know what the economic measures announced this week by the new government are about, from Filo.news we invite you to watch this special where we tell you how this affects our pocket. And what is the purpose of this set of policies?

Original source in Spanish