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: Access to Benefits and  0% VAT under “MiPyMES”

Argentina created an alternative mechanism for those SMEs that are not enjoying the benefits because…

Argentina implements digital certificate for commerce with Paraguay

Argentina`s tax authority AFIP implemented the Digital Certificate of Origin (COD) between Argentina and Paraguay,…

Macri mischt Kabinett um: Argentinien hat einen neuen Wirtschaftsminister

“Laut einer Erklärung des Präsidentenpalastes wird Hernan Lacunza, Wirtschaftsminister der Provinz Buenos Aires, Dujovne ersetzen.”

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Argentina is now adhering to the Extractive Industries Transparency Initiative (EITI) which is a global…

Argentina: Introducing the ECHEQ

On July 1, Argentina Central Bank BCRA published Communication A6578 which introduces the issuance of…

Argentina: New Conditions for Issuance of Credit and Debit Notes

Argentina`s tax authority AFIP detected a practice of certain taxpayers which could possibly distort tax-relevant…

Argentina: The Electronic Credit Invoice Regime

According to Resolution 10/19 of the Ministry of Production and Labor, the Electronic Credit Invoice…

Argentina: How the OEA will foster Foreign Trade Compliance  

What is OEA? The OEA (Authorized Economic Operator) is a certification offered by customs to…

Argentina: Increased Amounts not subject to Withholding Income Tax

On July 15, 2019, the Argentinian tax authority AFIP published the General Resolution 4525 which…

Argentina: How MiPymes will affect Big Business

What is MiPymes? The MiPymes Electronic Credit Invoice Scheme has been created for of micro,…