ANNOUNCEMENT 03 Dec 2013In December 2013, the government of Argentina announced a change in the settlement of trade invoices.
NUMBER OF INTERVENTIONS
Resolution No. 3550/2013 (in Spanish) http://www.infoleg.gob.ar/infolegInternet/anexos/220000-224999/223132/norma.htm
On 3 December 2013, the government of Argentina via General Resolution No. 3550/2013 , expanded the scope of the reverse withholding surcharge applicable to certain purchases of goods and services outside of Argentina, to include the purchase of foreign currency for travel and tourism purposes.
This resolution additionally increased the overall withholding surcharge rate from 20% to 35%.
Furthermore, this Resolution also denotes that the surcharge applies to: