TAX ON DEBITS AND CREDITS TO BE APPLIED TO PSP PAYMENT ACCOUNTS

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On May 8, 2021, Decree 301/21 was published in the Official Gazette of the Nation, which established that, as of August 1, 2021, the Tax on Credits and Debits in Bank Accounts and Other Transactions (the “Tax”) will be applied to the movement of funds in payment accounts of payment service providers (“PSP”) and companies engaged in electronic payment and/or collection services on behalf of third parties. MORE.

 

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