The Federal Public Revenue Administration (AFIP) regulated the suspension for 120 days of the collection of VAT and income tax applicable to the definitive import of food, drinks and basic necessities, as well as medicines.
This is established by the General Resolution 5490/2024, published this Monday (18.03.2024) in the Official Gazette, in whose Annex the products exempted from the perception regime are detailed.
Likewise, the rule explains in the recital that the measure has the The objective of reducing the tax burden on the import of a basket of essential goods in order to generate a reduction in the prices of said products, as a continuation of the economic policy established by the National Government aimed at reducing inflation.
The AFIP, through General Resolution 2281, established a system of income tax collection that applies to definitive import operations of goods, including those carried out to the free zone from third countries; and from the free zone to the general or special customs territory, unless they are exempted, in accordance with the respective legal regulations.
On the other hand, General Resolution 2937 The Tax Authority established a value-added tax collection regime that will be effective at the time of the definitive importation of movable property taxed by the aforementioned tax, except for those exempted by regulations.
The provisions of this resolution are effective immediately.
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
