Argentina Dissolving Federal Administration of Public Revenue, Removing Certain VAT Exemptions

The Argentine government issued a release on 21 October 2024 announcing that the Federal Administration of Public Revenue (Administración Federal de Ingresos Públicos - AFIP) will be dissolved and replaced with a new agency, the National Agency for Collection and Customs Control (Agencia de Recaudación y Control Aduanero - ARCA). With the new agency, approximately 34% of public positions will be eliminated. In addition, some 3100 employees who were employed during the previous government "in…