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Argentine Government Introduces Withholding Tax on Exports
The Argentine Tax Authority (AFIP) introduced legislation under which a Withholding Tax of 0.5% will be charged on all triangular exports.
The main objective of this new system is to minimize tax evasion and support a new tax collection system.
The Withholding Tax is only applicable on transactions whereby the country noted on the invoice differs from the destination country. This may occur if there is an intermediary involved in the transaction and the goods pass to that intermediary prior to final delivery.
Under this new system, tax is only applicable on "definitive exports for consumption"
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