By means of Joint General Resolution 5271/2022 of the Argentine Tax Authority (AFIP) and the Trade Secretariat ("Resolution") published on 11 October 2022: (i) the Import System of the Argentine Republic (SIRA) and the Import System of the Argentine Republic and Payment of Services Abroad (SIRASE) systems (together, "Systems") were implemented; (ii) the Import Information and Monitoring System (SIMI) and the Integral System for Monitoring Foreign Payments of Services (SIMPES) were terminated; and (iii) the Single Current Account for Foreign Trade ("Account") was created. The Systems and Account became effective on 12 October 2022.
The Argentine Central Bank (BCRA) issued Communication "A" 7622 ("Communication") on 13 October 2022 to adapt the Foreign Trade and Exchange regulations to the new Systems and the Account.
The following are the main points of the Resolution and the Communication with respect to the Systems and the Account:
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