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The global recession regarding the value of the US dollar has caused many governments to take restrictive measures regarding the exchange rate with their local currencies. One of these is from Argentina, who, as we have already mentioned, raised the tax to the so-called “tourist dollar”, leading gamers from that country to pay a 75% tax to buy in STEAM and other digital stores.
For those who do not know it, this tourist dollar in Argentina is the one used for international purchases. Its value is made up of the increase marked by the PAIS tax and the increase that falls on the Earnings tax, which now has a surcharge of 75%.
Screenshot from Pcmrace.com
This obviously directly affects players from Argentina, since in order to buy games in international digital stores, they have to pay much more money than before. Implications recently addressed by Nicolás Brandoni, CEO of Peek Studios and an expert in digital communication, on CNN Radio’s Aire de Mañana program.
You can read: Elden Ring, the FEAR trilogy, Shadow War and others have RAISED their price up to 600% without notice on Steam in Argentina
As indicated: “The country tax and withholdings directly impact the value of the games.”
“We must also take into account that although the games are paid in dollars, to run it one needs the devices. And those are also imported, there is a whole chain that increases the value of the device and a chain of increases is generated,” said Brandoni.
Situation that could generate a radical change in the local market, already according to the CEO, while other industries suffered from the pandemic, “in the case of the video game industry it was one of the most profitable years. In Argentina there was growth, and what was not spent going out began to be spent on video games.”
“In the United States there is an inflation that clearly does not compare with the one here, but that generates that the games raise the value. With the issue of cryptocurrency mining and the lack of chips, the value of video cards has risen… Everything is changing dynamically, “he warned.
In addition, he adds that during this last week, there began to be increases of up to 10% to the value that the PCs had up to five days before. “And I don’t know if it’s speculation,” he said.
To close, Nicolás said that not everything is a restriction, since: “the government seeks to promote development companies, everything that is the video game industry, with development but also the creation of content and esports teams. What would be most needed is a tax issue, but we will see how it ends”. Something that seems to him “very good that this attention is paid to the field”.
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