- Decrees 28/23, 29/23, and General Resolution AFIP 5424/23 were published in Argentina’s official gazette
- Changes to import and foreign exchange regulations were made
- Exporters must convert 80% of foreign currency collections into pesos through the foreign exchange market
- The remaining 20% must be converted into pesos through operations with securities
- Exporters must pay export duties and other taxes based on the highest value obtained through converting foreign currency into pesos through the stock market
- The rate of the “tax for an inclusive and solidarity Argentina” (PAIS) has increased for the importation of non-luxury goods and acquisition of freight services and other transport services from nonresidents
- A PAIS rate of 17.5% applies to the purchase of foreign currency for these operations
- The payment on account received at the time of importation of these goods has increased to 16.625%
- The BCRA has made modifications to the conditions to access the foreign exchange market for payments abroad
- SIRA and CCUCE validation are no longer necessary for payments for imports of goods made on or after 13 December 2023
- Imports may be paid for based on a schedule of deadlines determined by the imported tariff code
- Different payment periods apply to different types of imports
- Advance payments, payments requested prior to 13 December 2023, and outstanding amounts due for imports prior to 13 December 2023 require prior authorization from the BCRA, unless funds obtained from financing from abroad are simultaneously converted into pesos.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
