Argentina

Argentina

Reduces tax on foreign currency acquisition

02 Sep 2024

On 2 September 2024, the Government of Argentina published Decree No. 777/2024, reducing the tax on the acquisition of foreign currency from 17.5% to 7.5% for specific transactions. These include payments for freight and transport services related to import or export operations and payments for the importation of goods, with some exceptions. The Decree applies to transactions carried out from 2 September 2024 onwards.