Tag: AFIP
AFIPArgentine whitewash bill turning into ugly electoral debate
Argentina’s whitewashing bill or more modestly ‘tax amnesty’ has joined the political debate of the coming October mid-term elections. The tax revenue bureau or AFIP confirmed taxpayers’ “legitimate externalization right” “will not be affected” even in the “hypothetical case that the opposition manages to rally a majority parliamentary stance” after October’s legislative elections.
Argentines fear major devaluation of the Peso and dollar sets new record at 9.34
The US dollar in the ‘blue’ or parallel market kept climbing in Argentina ending a week of consecutive records reaching on Friday 9.30 and 9.34 Pesos (buying and selling price) 14 cents more than on Thursday. Since the beginning of the year the US dollar has climbed 36.97% while the official rate stands at 5.18 Pesos, with an increase of only 5.3%.
Falkland Islands becomes an issue of controversy for Argentina’s federal tax revenue office
Argentina’s federal tax revenue office, AFIP said that trips to the Malvinas Islands, as well as expenses are included in the new 20% levy imposed on credit and debit card purchases in foreign countries, despite the fact the Falklands are considered Argentine territory, because of geopolitical reasons.
Uruguay’s economic-trade relations with Argentina at ‘their worst moment in a long time’
The economic-trade relations with Argentina are going through ‘their worst moment in a long time’, and the latest measures announced by the government of President Cristina Fernandez have a ‘very harmful effect’ on Uruguay, said Vice-president Danilo Astori on Friday.
For Argentina’s tax-revenue office Afip, Malvinas are a foreign territory, most probably British
Despite persistent claims before the world, and his Holiness, that the Malvinas Islands are Argentine, for the tax office in Buenos Aires in practical terms they really are a foreign country, according to the latest resolution which applies an additional fee of 20% to tickets and overseas expenditure with Argentine debit or credit cards.
Argentine government ‘dollar clamp’ suffers another court defeat
A court in the Argentine province of Cordoba ordered the Banco Nación to sell US dollars to a teacher, after she was authorized by AFIP tax agency to purchase Brazilian Reais, but could not do so due to lack of currency.
Argentine tourists must pay 8 pesos for the US dollar in neighbouring countries
Following on the climbing tendency since the beginning of the year, the ‘blue’ or ‘parallel’ US dollar traded in Buenos Aires at 7.25 Argentine Pesos with a 46% gap over the ‘official’ dollar that remained relatively stable at 4.95 Pesos.
Argentina implements strict rules and controls on the soccer industry
Every soccer team from the Argentine First and Second Division will as of this week have to open a bank account where they will deposit the total sum of money generated from soccer player transfers. Financial rights will now solely belong to the entities involved.
“Dollar clamp” in Argentina extended to all outgoing tourists
The Argentine foreign exchange clamp has reached the outgoing tourism industry which to have access to Central bank US dollars for the trip, must now report each ticket or package sale plus the overseas services contracted according to the latest resolution.
Seed giant Monsanto suspended in Argentina on allegations of tax irregularities
Argentine authorities suspended the local unit of US seed giant Monsanto from a local grains registry over allegations of tax irregularities. The company denied the allegations in a statement issued late on Wednesday.
