Tax News Update    Email this document    Print this document  

July 10, 2024
2024-1338

Argentine tax authorities extend suspension of VAT and Income Tax exclusion certificates on imports

The Federal Administration of Public Revenues (AFIP) has extended until 31 December 2024 the suspension of the "exclusion certificates" in relation to the additional withholding regimes for Income and Value Added Tax (VAT) applicable to the definitive import of certain goods.

The AFIP conveyed the extension through General Resolution No. 5,520, published in the Official Gazette on 1 July 2024. The exclusion certificate requirements for Income Tax and VAT may be found in AFIP General Resolutions Nos. 2281 and 2937, respectively. (For additional background, see EY Global Tax Alert, Argentine tax authorities suspend the validity of exemption certificates for income tax and VAT withholdings on imports of goods, dated 10 April 2023).

Note too that General Resolution No. 5,339, published in the Official Gazette on 29 March 2023, had suspended until 31 December 2023 the application of the exclusion certificates regarding:

  • The reverse income tax withholding ("percepción de Imp. a las Ganancias" in Spanish) applicable to definitive import of certain goods
  • The reverse VAT withholding ("percepción de IVA" in Spanish) applicable to definitive import of certain goods

This suspension was further extended until 30 June 2024 through General Resolution No. 5,476.

As a result of the latest extension, until 31 December 2024 Customs Authorities will continue to apply the reverse withholding regimes when formalizing the import clearances, even if the taxpayer has the corresponding "exclusion certificates."

* * * * * * * * * *
Contact Information

For additional information concerning this Alert, please contact:

Pistrelli, Henry Martin & Asociados S.R.L., Buenos Aires

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement