Argentina Extends VAT and Income Tax Regime on Certain Imports Until 2025

• General Resolution 5624/2024 was published on 30 December 2024
• The Federal Tax Authority extended VAT and income tax withholdings on certain goods until 30 June 2025
• The Resolution suspends exclusion certificates for income tax and VAT advance payments on certain imports until 30 June 2025
• Income tax advance payments on these imports will not be deductible in monthly income tax calculations until 30 June 2025
• VAT advance payments on these imports can be fully credited without restrictions until 30 June 2025
• Imports by micro and small companies with a MiPyME certificate, on behalf of the National State, or exempt from national taxes under Law No 27701 are excluded from this regime
• The Resolution may increase VAT and income tax credit balances
• Import duties in Argentina range from 0 percent to 35 percent based on the CIF value
• Importers must also pay a statistics fee, VAT, VAT advance payment, income tax advance payment, and advance gross receipts tax
• The total import duties and taxes are calculated by adding import duty, statistics fee, VAT, VAT advance payment, income tax advance payment, and advance gross receipts tax

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.

---

---