Argentina

Argentina taxes foreign digital services 2018

December 8th, 2017

The Argentine Congress is to review a Bill levying VAT on consumers of digital services provided by non-resident providers. Digital services include: downloads or streaming media and games; software provided over the cloud; e-books; web-hosting; and aps. The place of taxation will be determined to be Argentina based on: IP address; SIM card for mobiles; …


Argentina

Argentina exempts foreigners from hotel VAT

April 20th, 2017

Argentina has exempted non-resident visitors from VAT on hotel and related accommodation services. This tax subsidy is extended to breakfast services provided as part of any overnight stays. The VAT liability will be immediately re-credited to foreigners via their paying credit card if they can provide proof of their non-resident status.


Argentina

Argentina non-resident VAT

January 9th, 2017

Argentina has updated the rules on non-resident service providers providing taxable supplies in-country. The current standard VAT rate in Argentina is 21%. Any such provider must have their local agent, intermediary or customer act as the VAT payer. In this case, the payer should withhold the VAT due on their payment to the vendor.


Argentina

Argentina reduced VAT digital news

October 19th, 2016

Argentina has confirmed new, reduced VAT rates for the supply of online news services. The new, sliding rates will be based on the annual turnover of the provider, as follows: 2.5% VAT for turnover below ARS 63million per annum 5% VAT for turnover between ARS 63million and ARS 126million per annum 10.5% VAT for turnover …


Argentina

Argentina new tax on foreign internet shopping and travel

March 23rd, 2013

A new 20% tax on foreign e-commerce and travel has been introduced in Argentina from 18 March 2013. The new Argentina VAT, collected through credit cards, will be payable on the following transactions: Goods or services bought from outside Argentina over the internet Passenger transport and travel services abroad (levied by travel agents) The new …


Argentina

Argentina

January 12th, 2013

VAT was introduced in Argentina in 1974. At the federal leis it is known as Impeusto al valor agregado (IVA).  There is also Impuesto sobre los ingresos brutos (IIBA) operated by each of the 23 provinces and the one autonomous city of Buenos Aires. It is similar to the European Union’s VAT system, requiring re-calculation …


Argentina

Argentina VAT compliance and rates

January 12th, 2013

Argentinian VAT compliance There are detailed rules controlling the recording and processing of Argentinian transactions. These include guidelines on: Argentinian invoice requirements; Foreign currency reporting and translation; Credit notes and corrections; and What accounting records must be maintained. Most business –related expenses are deductible.  However, hotel accommodation and car parking costs are generally not.  Companies …