ANNOUNCEMENT 18 Mar 2013In March 2013, the government of Argentina announced a rule change for commercial cross-border financial flows.
NUMBER OF INTERVENTIONS
Resoluci?n General 3450 of 15 March 2013, published in Official Gazette of 18 March 2013: http://www.infoleg.gob.ar/infolegInternet/anexos/205000-209999/209507/norma.htm
On March 18, 2013, the Federal Administration of Public Revenue of Argentina published Resolution 3450 which establishes a tax on credit and credit card purchases made abroad.
This measure consists of a 20% tax applicable to all purchases made abroad by domestic credit and debit cards.