Argentina’s tax authority (ARCA) has announced  the regulations for companies and individuals to use Bonds for the Reconstruction of a Free Argentina (BOPREAL) to settle tax and customs debts through General Resolution 5675/2025 on 16 April 2025.

These Central Bank-issued bonds were introduced in 2023 for importers who were unable to obtain USD at the official exchange rate to pay foreign suppliers due to a lack of foreign currency reserves.

Taxpayers who have BOPREAL in their possession must transfer them to a special ARCA account at the Banco de la Nación Argentina, with USD bonds valued at the implicit market exchange rate. Once the transfer is made, it cannot be reversed. The transferred bonds are registered as credits allocated to taxpayers, remaining both non-transferable and non-negotiable.

Bonds (credits) transferred in 2025 will remain valid for use until 31 December 2030. Similarly, those transferred in 2026 or 2027 can be utilised until 31 December 2031 and 31 December 2032, respectively.