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Argentina Increases Additional Tax on Foreign Currency Purchases

|Approved Changes|Argentina
Argentina

The Argentine tax authority (AFIP) has issued a release announcing the issuance of General Resolution 5232/2022, which provides for an increase in the additional tax (surcharge) on foreign currency purchases that was introduced by General Resolution 4815/2020. General Resolution 4815/2020 established an additional tax (surcharge) at a rate of 35% on the tax on foreign currency purchases (Impuesto Para una Argentina Inclusiva y Solidaria - PAIS tax). General Resolution 5232/2022 provides for…

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