The Argentine government has enacted a new export tax (Decree No. 793/2018) that went into effect 1 January 2019 and will be applicable until December 2020.
The 12% customs duty in this decree states that it will be enacted on services but they will be treated as exported goods as long are the services are rendered in Argentina but used abroad. This is an unprecedented tax and now companies must be aware of the specifics to remain compliant.
Specifications of the tax
The regulation states that individuals and legal entities must submit the affidavit using the service "Sistema de Cuentas Tributarias" on AFIP's website. The affidavit is made using an electronic "E" type invoice issued every month. The affidavit must be submitted from 10-15 business days after the monthly period being reported. The tax is due for payment within 15 days after the registration with an additional 45 days granted to exporters with services calculated to be less than US $ 2,000,000 in the proceeding calendar year.
Due to the many changes in the Argentine government, this tax has been enacted in help cut the deficit and to regain the confidence of investors. The government estimates that they will be able to collect USD 700m to 1bln in 2019 using the new export tax...