ARG GVT Tax Law Repatriation Date

On Mar. 27, ARG GVT extended the period for repatriation under law.

  • ARG GVT published Decree 281/2024 on personal property tax in official gazette.
  • Repatriation is bringing into ARG until Mar. 31st, but ARG GVT is extending it.
  • With respect to the 2023 fiscal period, repatriation was extended until April 30, 2024.
  • Background
  • Law No. 27.667 modified Title VI of Law 23.966 on personal property tax.
  • The ARG Executive Branch was empowered to lower rates that are applicable to assets
  • Through Article 2 of Decree 912 of Dec. 30, 2021, the concept of repatriation was defined and was understood as entering the country, until March 31 of each year.
  • Including holdings of foreign currency abroad and the amounts generated as a result of the redemption of the financial assets listed in 4th paragraph of Art. 25 of Tax Law.
  • This belonging to individuals residing in ARG and the undivided estates located therein.
  • It is considered appropriate to extend the period provided for in the Decree No. 912.
  • Amendment Highlights
  • The repatriation date scheduled for the 2023 fiscal period is extended from its expiration and until April 30, 2024, inclusive, for the purposes of Art. 2 of Decree 912.
  • Effectiveness
  • Decree 281 will come into force on the day of its publication in the official gazette.
  • Apr. 2024 ARG Tax Deadline Extension
  • On Apr. 10, 2024, ARG Tax reminded that that personal property repatriation deadline was extended until Apr. 30, 2024; generally the deadline is on Mar. 31st of each year.

Regulators ARG GVT
Entity Types Corp
Reference ARG Tax: PR, 4/10/2024: ARG GVT: OG, 3/27/2024; DECTO-2024-281-APN-PTE, 3/26/2024
Functions Compliance; Financial; Legal; Tax
Countries Argentina; Cross-Border
Products Corporate; Equity
Regions Am
Rule Type Final
Rule Date 3/27/2024
Effective Date 4/30/2024
Rule Id 206460
Linked to N/A
Reg. Last Update 4/10/2024
Report Section International

Last substantive update on 04/15/2024