Argentina’s tax authority (ARCA) announced a new regime for the ongoing application of the additional tax (surcharge) on foreign currency purchases (PAIS tax) on 19 December 2024.

The surcharge on foreign currency transactions was tied to the PAIS tax, which expired on 22 December 2024.

With the expiration of the PAIS tax, General Resolution 5617/2024 introduced a new regime to continue collecting the surcharge, replacing General Resolution 4815/2020. The General Resolution 4815/2020 introduced this surcharge for the first time.

The General Resolution 5617/2024 was published in the official gazette and went into force on 19 December 2024.

Earlier, ARCA extended the payment deadline for PAIS tax to 26 December 2024.