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Through General Resolution 5604/24 ("Resolution"), published in the official gazette on 25 November 2024, the AFIP (tax authority) abrogated the provisional payment of the PAIS tax that applied to the importation of goods included in paragraphs b) (sumptuary goods) and e) (the rest of the goods, as set forth in Decree 377/23) of Decree 99/19 as from 25 November 2024.
According to the Resolution, the provisional payment of 28.5% for sumptuary goods (paragraph b) of Decree 99/19) and of 7.125% (for the rest of imported goods included in paragraph e) of Decree 99/19, as amended by Decree 377/23) is no longer applicable starting 25 November 2024. These provisional payments represented 95% of the applicable PAIS tax paid upon the importation of goods.
Note that this provisional payment was calculated on the FOB value declared in the import declaration and paid at the time of filing of the import declaration with customs (along with all applicable duties and taxes at the time of importation).
Subsequently, at the time of accessing the official foreign exchange market to pay for the importation, the importer was required to pay the remaining PAIS tax (plus any potential difference attributable to the devaluation of the Argentine peso between the date of the provisional payment and the date of access to the foreign exchange market). The PAIS tax will no longer apply starting 23 December 2024.
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