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September 3, 2024
2024-1633

Argentina reduces Impuesto PAIS tax rate

On 1 September 2024, the Argentine National Executive Branch ("PEN" in Spanish) published in the Official Gazette Decree 777, which modifies the tax rates on certain purchases of foreign currency ("Impuesto PAIS" in Spanish) for the payment abroad of certain goods and services.

In this regard, the tax rate was reduced from 17.5% to 7.5% for the following:

  • The acquisition abroad of freight services and other transportation services for import or export operations of goods, or their acquisition in the country when provided by nonresidents
  • Imports of goods, except luxury goods

This Decree applies for purchases carried out from 3 September 2024.

Additionally, on 3 September 2024, through General Resolution (AFIP) 5559, the prepayment of the Impuesto PAIS for the importation of goods was reduced to 7.125% (previously 16.625%).

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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
 

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