The Argentine tax authority (ARCA) has announced the implementation of a new special procedure for importers to claim a refund of overpaid tax on foreign currency purchases (Impuesto Para una Argentina Inclusiva y Solidaria - PAIS tax). The PAIS tax expired on 22 December 2024. As a result, situations arose where importers that prepaid the PAIS tax on account could not apply it due to reduced rates, price agreements, or free zones. Depending on the amount of the PAIS tax balance, a refund cr…