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Optimizing Tax Compliance: Argentina’s Inclusive and Supportive Taxation System

In Argentina, the implementation of the “Impuesto Para una Argentina Inclusiva y Solidaria (PAIS)” has brought about significant changes in the country’s taxation system. This tax, established under the Law of Social Solidarity and Productive Reactivation, aims to promote national development with equity, encourage domestic savings, and ensure fiscal sustainability.

The “Impuesto PAIS” applies to various scenarios, including the purchase of foreign currency for hoarding purposes, currency exchange for specific credit card payments, and the acquisition of services abroad through travel agencies and passenger transportation services. The responsibility for paying this tax lies with the buyer, lessee, or borrower, and is enforced through specified agents acting as perception and liquidation agents.

To adapt to evolving economic scenarios and government policies, regulatory changes have been introduced. Decree No. 72/23 expanded the tax to cover the subscription in pesos of bonds or titles issued in US Dollars by the Central Bank of Argentina. In line with these changes, Resolution General No. 4,659 has been adjusted to ensure compliance.

The amendments in Resolution General 5468/2023 include modifications to the obligations of perception and liquidation agents, specifying operations subject to perception related to bond or title subscriptions, guidelines on calculation and documentation for various operations, and an updated table with specific codes and descriptions for taxable operations.

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Additionally, individuals now have the option to request a refund of perceived taxes if deemed unnecessary, subject to control measures implemented by the tax authorities.

These regulatory adjustments are crucial for streamlining the taxation process under the “Impuesto PAIS” in Argentina. By staying informed about these changes, stakeholders can ensure compliance and contribute to the nation’s economic resilience.

Published on: 26/12/2023

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