Regulation on Advanced Payments Exemption on Imports Renewed

The Argentine Tax Authority (ARCA) issued General Resolution 5624/2024 on December 30, 2024, extending until June 30, 2025, the suspension of the exemption certificates use established in General Resolution 5339/2023 (published on March 29, 2023) for advanced payments on definitive imports.

This regulation had not cancelled the exemption certificates obtained by taxpayers with excess tax credits on VAT and Income Tax, but had prevented them from using the credits for advanced payments of those taxes applicable to definitive imports. But for a few exceptions, importers had to make these advanced payments upon whatsoever definitive imports.

General Resolution 5624/2024 keeps the importers’ possibility of using their advanced payments on VAT as a credit to be included in each monthly fiscal period in which the corresponding definitive import took place, as was established in General Resolution 5476/2023.