Argentina Extends VAT Suspension on Basic Necessity Imports

• Argentina has issued General Resolution 5623/2024
• The resolution extends the suspension of advance VAT collection on imports of basic necessities
• Items affected include food, medicines, and cleaning products
• Previous regulations established tax regimes for income and value-added taxes on imports
• Exceptions to these tax regimes were initially set for a period of 120 days
• Extensions have been granted for imports by micro, small, and medium enterprises with a valid MiPyME certificate
• The new extension will last until December 31, 2024
• This extension continues the economic policies aimed at supporting essential goods and small businesses
• Various administrative and legal departments have reviewed and approved the extension
• The resolution is authorized under multiple legislative and decree powers

Source: boletinoficial.gob.ar

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.

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