Amendments to the Tax Collection Regime on FX Transactions

Through General Resolution 5672/2025, published in the Official Gazette on April 14, 2025, the Argentine Tax Authority (ARCA) introduced amendments to the collection regime for advance payments of Income Tax and Personal Assets Tax established through General Resolution 5617/2024.

As a result of these amendments, foreign exchange transactions for saving purposes or without specific application made by individuals and undivided estates are no longer subject to the regime. In addition, from now on, foreign exchange transactions linked to the payment of imports of certain goods are also excluded.

Therefore, the regime continues to apply to the following operations:

• Foreign exchange transactions made by legal entities for saving purposes or without specific application linked to the payment of obligations under the regulations in force in the foreign exchange market.

• Foreign exchange transactions carried out by financial institutions on behalf of the acquirer, for paying goods and/or services rendered abroad, paid with credit or debit cards, or through any other means. This includes online purchases and any other form of distance shopping in foreign currency.

• Foreign exchange transactions carried out by financial institutions on behalf of the acquirer for paying services rendered by non-Argentine residents, paid with credit or debit cards, or through any other means.

• Acquiring services abroad through travel and tourism agencies in Argentina.

• Acquiring land, air, or water passenger transportation services for traveling abroad.