On September 2nd, 2024, Argentina issued Decree 777/2024 announcing a reduction in the Impuesto PAIS from 17.5% to 7.5% for specific transactions.
Impuesto PAIS is the duty paid for foreign currency exchange, imports, exports, and the purchase of services rendered outside Argentina. The reduced rate introduced by Decree 777/2024 applies to imports into Argentina and the payment of freight services.
Decree 777/2024 entered into force on September 3rd, 2024.
For more information please visit: https://www.boletinoficial.gob.ar/detalleAviso/primera/313136/20240902