- Argentina’s ARCA will continue the 30% tax collection on foreign currency transactions even after the Pais Tax ends on 22 December 2024
- The new regulation starts from 19 December 2024
- The 30% collection regime applies to various foreign currency transactions including savings, travel, and payments for services and goods abroad
- This regime affects Argentine tax residents and covers operations like currency exchanges by financial entities and purchases made abroad
- Financial entities, travel agencies, and transport companies in Argentina are designated as collection agents
- The 30% tax is calculated on the Argentine currency value of each transaction
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 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
- Argentina Introduces Flexible Schedule for Advance VAT Payments Under New “IVA Simple” System
- Argentina Expands Flexibility for VAT Perception Reporting Across Fiscal Periods
