Tag: PAIS tax

• Wednesday, July 27th 2022 - 09:40 UTC

  Argentine Central Bank creates “agrodollar” to boost export liquidations

  

  Argentina's monetary authorities Tuesday announced the creation of the “agrodollar,” a special exchange rate for agrifood exporters to liquidate their revenues through formal channels at an exchange rate closer to the parallel (“blue”) quotation.

• Thursday, July 14th 2022 - 09:30 UTC

  Argentina reshapes taxation to make up for gap between official and “blue” dollar

  

  The Government of Argentina has adjusted the so-called PAIS tax from 35% to 45% as of Thursday to equate the exchange rate between the local currency and the US dollar to that existing in the unofficial “blue” market.