ARGENTINA - Administrative changes to the value added tax regime

June 2019

The procedures of accreditation, refunding, or transferring VAT related to transactions involving export of any kind of services has been simplified with effect from 1 July 2019. The simplifications fall under the general tax refund system provided by Title I of the General Resolution (AFIP) No. 2000.

As part of the simplification, applications for accreditation, as well as refunds and transfers of VAT will not be subject to prior inspection. At the time of accreditation, refunding or transferring of VAT, the taxpayer must correct all debts linked to the entry of the export right.

Treatment of final imports of personal property

Starting on 22 April 2019, the VAT collection system for final imports of personal property now falls under the Customs Administration. This change was made in General Resolution (AFIP) No. 2937/2010.

Regardless of whether the person importing the personal property is a registered VAT payer, the assessment due on final importation of personal property is a fixed as follows:

On final import of goods that would normally be subject to VAT at 21%, the import assessment is 20% of the 21% VAT.
On final import of goods that normally be subject to the VAT at 10.5%, the import assessment is 10% of the 10.5% VAT.

Guillermo Jaime Poch
gpoch@bdoargentina.com

Alberto Fabián Mastandrea
amastandrea@bdoargentina.com