ANNOUNCEMENT 31 Aug 2012

In August 2012, the government of Argentina announced a rule change for personal cross-border financial flows.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Resoluci?n General 3378 of 30 August 2012, published in Official Gazette of 31 August 2013 (in Spanish): http://www.infoleg.gob.ar/infolegInternet/anexos/200000-204999/201489/norma.htm

Argentina's National Press Office, news item of 31 August 2012 (in Spanish): http://www.prensa.argentina.ar/2012/08/31/33705-afip-anuncio-la-tasa-para-consumos-en-el-exterior-con-tarjeta-de-credito.php
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Resoluci?n General 3379 of 31 August 2012, published in Official Gazette of 3 September 2013 (in Spanish): http://www.infoleg.gob.ar/infolegInternet/verNorma.do?id=201565
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Resoluci?n General 3450 of 15 March 2013, published in Official Gazette of 18 March 2013 (in Spanish): http://www.infoleg.gob.ar/infolegInternet/anexos/205000-209999/209507/norma.htm

Reuters, news item of 18 March 2013: http://www.reuters.com/article/2013/03/18/argentina-dollar-idUSL1N0CA3OI20130318
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Resoluci?n General 3550 of 2 December 2013, published in Official Gazette of 3 December 2013 (in Spanish): http://www.infoleg.gob.ar/infolegInternet/anexos/220000-224999/223132/norma.htm

BBC, news item of 22 January 2014: http://www.bbc.com/news/world-latin-america-25836208

EY, news item of 10 December 2013: http://www.ey.com/GL/en/Services/Tax/International-Tax/Alert--Argentina-imposes-35--tax-surcharge-on-acquisition-of-foreign-currency-for-travel-and-tourism

Bloomberg, news item of 3 December 2013: http://www.bloomberg.com/news/2013-12-03/argentina-raises-tax-on-foreign-credit-card-purchases-to-35-.html

Wall Street Journal, news item of 3 December 2013: http://online.wsj.com/news/articles/SB10001424052702304355104579236123954714110

Argentina's National Press Office, news item of 3 December 2013 (in Spanish): http://www.prensa.argentina.ar/2013/12/03/46329-suben-35-adelanto-de-ganancias-por-consumos-con-tarjetas-en-el-exterior.php


Inception date: 31 Aug 2012 | Removal date: open ended
Still in force

Control on personal transactions

On 31 August 2012, the Federal Administration of Public Investments of Argentina introduced a 15 per cent tax on all purchases made abroad with Argentinian credit-cards.
 
On 3 September 2012, the scope of the tax was extended to debit-cards and international internet purchases using credit cards.
 
 
 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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