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Argentina Reduces Tax on Foreign Currency Purchases for Freight Services and Imports, Plans to Eliminate the Tax at the End of the Year

|Approved Changes|Argentina
Argentina

Argentina published Decree 777/2024 in the Official Gazette on 2 September 2024, which reduced the tax on foreign currency purchases (Impuesto Para una Argentina Inclusiva y Solidaria - PAIS tax) from 17.5% to 7.5% in relation to foreign currency purchases for:

  • Freight services abroad and other transportation services for import or export operations of goods; and
  • The importation of goods, exc…

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