Martín J. Barreiro

In brief On 2 September 2024, Decree No. 777/2024 ("Decree") was published in the Official Gazette. By means of the Decree, the tax on the acquisition of foreign currency ("Tax") was reduced from 17.5% to 7.5% (i) on the acquisition of foreign currency for payments to be made for freight services and other transport services for import or export operations of goods; and (ii) on the acquisition of foreign currency for payments to be made for the import of goods (with certain exceptions).

In brief On 19 June 2024, Resolution No. 101/2024 (“Resolution“) was published in the Official Gazette. The Resolution established that the 17.5% Tax on the Acquisition of Foreign Currency (“Tax“) no longer applies to the acquisition of foreign currency to pay for the importation of goods to be used in the projects included in this list. The Resolution will apply to the operations carried out to acquire foreign currency as of 19 June 2024.

In brief On 1 July 2024, General Resolution 5520 ("Resolution") was published in the Official Gazette, by which the Federal Tax Authority (FTA) modified, until 31 December 2024, the VAT and Income Tax advanced payment regime on the importation of certain goods. In focus On 1 July 2024, the Resolution was published in the Official Gazette, by which the FTA modified, until 31 December 2024, the VAT and Income Tax advanced payment regime on the importation of certain goods.