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..

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