- Decree No. 777/2024 was published on 2 September 2024 in Argentina
- The tax on the acquisition of foreign currency was reduced from 17.5% to 7.5% for certain transactions
- The reduced tax applies to payments for freight services, transport services for import/export operations, and import of goods (with exceptions)
- The Decree is applicable to operations from 2 September 2024
- The tax was created by Law No. 27,541 in December 2019 for Argentine tax residents
- The reduction in tax is for specific transactions outlined in the Decree, including importation of goods and transport services
Source: insightplus.bakermckenzie.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.
Latest Posts in "Argentina"
- Argentina Sets 0% Export Duty for Certain Goods Until October 2025 or $7 Billion Limit
- Argentina Implements Temporary 0% Export Duty on Select Products Until October 2025
- Argentina Introduces New Validation Rules for Electronic Export Invoice Web Service (WSFEXV1)
- 2026 Budget Proposes VAT on Newspapers, Magazines, and Digital Information Sites
- Government Sets $26.5 Billion Cap for Subsidized Sectors’ VAT Refunds, Energy Sector Benefits Most