ANNOUNCED AS TEMPORARYNo
Since 1 August 2016, Argentinian car manufacturers can enjoy a special fiscal benefit that allows them to obtain electronic vouchers with a transferable tax credit valid to pay the VAT in later fiscal exercises. To obtain this fiscal bonification, a minimum local content requirement in the final product is mandatory.
In the case of cars, trailers, engines and agricultural vehicles, the minimum local content requirement is 30%, whereas for trucks and other automobile parts are 25% and 10% respectively. The range of the tax benefit varies between 4% to 15% of the sales value depending on the total local content amount.
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