- End of Impuesto PAIS: As of December 23, 2024, Argentina has eliminated the five-year emergency tax known as “Impuesto PAIS,” which was imposed on certain purchases of foreign currency for payments abroad.
- Previous Tax Rates: The Impuesto PAIS had varying rates, including 7.5% on freight and transportation services, 7.5% on most imports, and 25% on the import of services, aimed at regulating foreign currency transactions.
- Continued Reverse Withholding Regime: Despite the elimination of Impuesto PAIS, a 30% reverse withholding tax remains in effect for certain cross-border transactions involving foreign currency purchases, which can be credited against Corporate Income Tax for companies operating in Argentina.
Source EY
Latest Posts in "Argentina"
- Argentine Tax Authorities Launch Phase 2 of Impuesto PAIS Refund Procedure for Importers
- Argentine Tax Authorities implement new procedure to recover the Impuesto PAIS
- 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)
