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Global Trade Alert

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Argentina: Further increase of tax on foreign purchases to 35%

Description

On 2 December 2013, the AFIP adopted General Resolution 3550 which increases the tax on credit and debit card purchases in foreign currency from 20 percent to 35 percent to fight low international res...

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Intervention Details

Intervention Type

Control on personal transactions

MAST Chapter

Capital control measures

Implementation date

03 Dec 2013

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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