Argentina

Argentina

Argentina is a member of the free trade agreement Mercosur which enables a largely custom-free exchange of goods with Brazil, Paraguay and Uruguay. Associated members of the agreement are Bolivia, Chile, Ecuador, Peru and Colombia. Furthermore Argentina has a harmonized custom´s system in line with the Brussel`s nomenclature. The duty rates are between 0% and 35% and are being calculated based on the CIF value.

For investors Argentina is particularly relevant because they are being awarded virtually the same rights as national investors. Furthermore, an investment protection agreement has been established with Germany in 1993. The agreement affords a far-reaching protection against expropriation as well as improved rights with view to profit and capital repatriation as well as conflict resolution mechanisms.

Argentina`s membership in the Paris Convention for the Protection of Industrial property also grants the protection of intellectual property.

 

e-Invoicing

In 2007 the e-Invoicing process was introduced in Argentina and became mandatory for all companies in 2015. The institution responsible for the e-Invoicing is the AFIP (Administracion Federal de Ingresos Publicos). The e-Invoicing system is based in a XML file that is comprised of specific tax data as well as an electronic signature to verify its authenticity. In order to generate this signature the companies sending the invoice need respective electronic authorization codes (CAE). Without them the goods cannot be shipped and the invoice remains invalid. The e-Invoicing is especially relevant for Type E export invoices as well as national Type A and B invoices.

Regardless of the type of invoice companies have to maintain a valid digital certificate  (CFD, Certificado Fiscal Digital)  which needs to be registered with the AFIP. This registration takes up to 30 days and is carried out through a fiscal key (Clave Fiscal) or a password using the AFIP-website. All official documents (invoices) carry ongoing numbers. In case an invoice encounters a problem this needs to be solved in order to issue and verify the following invoices. More..

Argentina: COVID 19 emergency relief program for employers

Resolución General 4746/2020 allows employers based in Argentina to register for benefits under the Emergency…

Argentina: New reporting deadlines for transfer pricing reports

The Argentine Tax Authority (AFIP) published a general resolution on July 8, 2020 that extends…

Argentina´s AFIP declares Super Moratorium for 2020

Argentina`s tax authority AFIP has introduced the “Extended 2020 Moratorium” which aims at extending the…

COVID-19 could crush Argentina’s shale boom

“A nationwide lockdown and the collapse of global crude oil prices not only forced drilling…

OECD report: 6 taxation insights on Latin America and the Caribbean

The OECD recently published  a report on tax revenues for 26 countries in Latin America…

Argentina: AFIP Updates on International Operations

Argentina`s tax authority AFIP has published a news General Resolution (No. 4,717) which  establishes the…

Argentina: New deadline for transfer pricing reports

On June 5, 2020, the Argentine tax authority AFIP has published a general taxation policy…

Transfer Pricing Regulations in LATAM under Corona

Many Latin American governments have changed their taxation policies, payment and reporting deadlines in respondence…

Argentina: New Transfer Pricing Deadline

The Argentine Tax Authorities (AFIP) have postponed the effective date for compliance with certain transfer…

LATAM: Corona-induced Tax Measures I

Corona is hitting the world economy hard. In fact, the IMF made it official today…