Well, this week we've been counting our losses--first from our doormen and now from the government. I noticed a suspicious charge on our recent bank statement, and I really couldn't tell what it was because the charge was a mix of numbers and Spanish acronyms. Here is the actual line item:
000000000164473 IDE RECAUD PER ACTU 164473 CARGO POR IDE AUT. 139764
Between forgetting and mustering up the courage to call the bank, I finally did to inquire about the charge. A sampling of our dialogue in my less-than-eloquent Spanish:
Me: Hello, I have a charge that I'd like more information about.
Operator: Can you read the charge off to me?
Me: (thinking to herself, "I hope this guy knows code.") It says IDE RECAUD PER ACTU
Operator: (sounding annoyed) That's an IDE charge. Any deposits over 25,000 pesos are subject to a 2% tax.
Me: (Brain rejecting this seemingly irrational explanation) Are you telling me that I'm being charged extra if I deposit more than 25,000 pesos in my account?
Basically, yes. In short, there is a tax called called IDE, short for "Impuesto a los Depósitos en Efectivo", or "Tax on Cash Deposits" in English. Beginning July 1, 2008, the government instated the IDE to increase tax revenue, and all cash deposits over 25,000 pesos (per month) are subject to a 2% tax. You can read more about it here in English. Here in Spanish.
Well, hell, if I knew this minute law, I might of just kept the money at home or deposited it in smaller increments. I never, ever, ever thought that I could be charged for depositing money into my bank account. I wonder how many people unknowingly fall victim to this insane tax law.