ANNOUNCEMENT 01 Jan 2014

In January 2014, the government of Argentina announced a rule change for commercial cross-border financial flows.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising
Inception date: 01 Jan 2014 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

In January 2014, Argentina's Federal Administration of Public Revenue via the General Resolutions 3579 and 3582, established a procedure for the submission of an affidavit in order to optimize the traceability of transactions.
 
According to this novel procedure, individuals purchasing goods from overseas suppliers and delivering them through the official postal service (including door-to-door delivery) or by courier companies, are requiredto complete a specific form online (AFIP Form 4450 - Purchases from overseas suppliers). This formcontains details of the acquisition, and to present the affidavit when claiming the goods.
 
Furthermore, the highlighted Resolutions specify that consumers are allowed to use the procedure twice a year (subject to the annual franchise of US$25 established by Article 80 of Decree 1001/82, as amended). Additionally, for those purchases that are above the franchise value,a 50 % ad valorem tariff applies. Lastly, the Resolutions specify that in scenarios when the payment of the 50% ad valorem tariff is due, the purchaser is obliged to present the affidavit at the appropriate Customs or Official Post Office (alongside with evidence of payment made).

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A