Argentina’s Customs Collection and Control Agency (ARCA) issued General Resolution 5638/25, which introduced a procedure for returning balances of the PAIS tax.
Agents responsible for collecting and liquidating the PAIS tax can access the simplified process for refunding favorable balances by submitting the sworn declaration using Form F.744, corresponding to December 2024 and January to March 2025, generated through the ‘Withholding Control System (SICORE).’.
The balance in favor of the PAIS Tax collection and settlement agent can be utilised through the “Compensation” option within the “Tax Accounts System” service, accessible on this Agency’s official website.
This balance may be applied toward the payment of amounts received and/or the corresponding tax liability accrued from the tax on credits, debits in bank accounts, and other operations. It specifically applies to the periods of January, February, March, and April 2025 and can be used to cover both the principal amount and any related interest.
The balance in favor of the PAIS tax may be used until 30 May 2025.
PAIS is a tax on purchasing foreign currency.
