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: Implementation of the ‘Multinota Digital’

The Multinota Digital is an instrument for the electronic presentation of legal statements in the…

Argentina: Tax Incentive Program for IT and R&D

On January 1, 2020, a new tax incentive program for software, science-based services, and research…

Argentina: Transfer Pricing News

Resolución General 4496/2019, published in the Official Journal on 27 May 2019, has been amended…

The Costs of doing Taxes in Latin America

In OECD countries, it takes a company 159 hours on average to do the taxes.…

Argentina: Draft Law to promote the Construction Industry

Recently, President Mauricio Macri submitted a bill to the Argentine Congress to relieve and encourage…

Argentina: Doubled VAT fee and temporary Import Fee

VAT Increase From now on, according to the AFIP, the VAT rate on imports of…

Argentina: Implementing Decree for Transfer Pricing Rules

At the end of 2018, a decree concerning transfer pricing rules has been published in…

Argentina: Decree detailing tax reform for businesses

On December 27th, 2018, Decree 1170/80 was published which details implementation measures for the tax…

New e-Invoicing Models in LATAM in 2019

Multiple Latin American countries such as Guatemala, Panama or Paraguay develop their own e-Invoicing models.…

Argentina: CbC News for MNE

The Argentinian tax authority AFIP has published additional information on the interpretation and filing requirements…

Wir benutzen Cookies um die Nutzerfreundlichkeit der Webseite zu verbessen. Durch Deinen Besuch stimmst Du dem zu.