Global

Details

  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 7/11/2012

Argentina - Update on foreign currency deposit rules 

July 11:  Guidance previously issued by the authorities established due dates for making deposits of receipts (inflows) of foreign currency from export transactions into the domestic financial system.

See, for example: TaxNewsFlash-Americas: Argentina – More changes to rules for foreign currency from export transactions


Argentina’s Ministry of the Economy and Public Finance (Ministerio de Economía y Finanzas Públicas) issued resolution No. 305/2012 (published in the official gazette on 25 June 2012) which again extends the periods for depositing receipts of foreign currency derived from export transactions into Argentina’s domestic financial system.


The time periods for making deposits range from 90 days, 120 days, to 180 days, depending on the taxpayer identification number (as indicated in the table provided in the resolution).


Read a June 2012 report (Spanish) prepared by the KPMG member firm in Argentina: Novedades de Impuestos - 4° Semana de Junio




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