Argentina

Argentina: DJAS and DAPE systems eliminated

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The General Resolution No. 4008-E was published on 6th March 2017 in the Argentine Official Gazette. According to that resolution, Argentina has abolished the Early Declaration System for Services (DJAS) and the Early Declaration for Payments Abroad (DAPE). Submitting via this process applied to be a condition for accessing the official foreign exchange market to transfer funds abroad for certain transactions. The elimination denotes a more step in simplification of the systems regarding foreign exchange market. The DJAS filings, which was in force since 2012, were needed to report services provided by non-residents to residents. The information contains detailed and included the type of service incorporated, the amount charged and the bank account to which the funds will be transferred. The DAPE filings, in force since 2013, were required for payments to be made abroad regarding the following transactions: (a) the purchase of goods not imported into the country and traded to another country; (b) the interest payment; (c) the dividends payment and profits; and (d) imports through courier or certain simplified process.

Argentina: New extension regarding VAT refunds rejects

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A new extension of the VAT refund for purchases paid with debit cards has been rejected by the Executive Power and it was established by Decrees 1387/2001, 1402/2001 and 1548/2001. In accordance with Resolution 153/2016, the Ministry of Economic Affairs has primarily extended this VAT refund.

Argentina: Resolution 3,982.E regarding Simplified System published

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The General Resolution 3,982.E has been published in the official bulletin of 6th January 2017 and came into force on the same date. It re-categorizes all taxpayers (excluding corporations) registered in the Simplified System. If taxpayers believe that the new category applied by the tax authorities is incorrect, then they may lodge a claim. The Resolution also sets rules for the payment of the new fixed monthly tax amounts. Note that, the Simplified System is non-compulsory for small taxpayers. According to this system, taxpayers pay fixed monthly tax amounts instead of VAT and income tax, depending on the categories they are elected for.

TIEA between Argentina and UAE enters into force

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The Exchange of Information Agreement regarding tax matters (TIEA) of 2016 between Argentina and United Arab Emirates has been entered into force on 17th January 2017 and it also effects from 17th January 2017.

Argentina: Deadline of short-term abolition of excise tax on sparkling wines changed

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The Executive Branch’s Decree 19/2017 has been published in the official gazette on 5th January 2017. As provided by article 33 of Law 24,674, the short-term abolition of the excise tax on sparkling wines has been prolonged from 1st January 2017 to 31st December 2017. The measure was entered into force from the same date of its publication and it effects from 1st January 2017.

Argentina: Validity period for 75% excise tax rate on cigarettes extended

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According to Executive Branch’s Decree 626/2016 and under article 15 of amended Law 24,674, the excise tax rate on cigarettes has been changed from 60% to 75%. Again, new Executive Branch’s Decree 15/2017 regarding excise tax on cigarettes has been published in the official gazette on 5th January 2017. This new decree prolongs its validity time period for that 75% excise rate to 31st December 2017 from 1st January 2017. The measure came into force on its publication day and applies from 1st January 2017.

Argentina: New special CIT rate for gambling

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Law 27,346 amends article 69 of the Income Tax Law (LIAG). It establishes a 41.5 per cent new proportional tax rate applicable to gambling and was published in the Official Gazette on 27th December 2016. The amendment is effective for company tax years not yet closed on 27th December 2016.