On May 28, 2012 Resolution No. 3333/12 of the Tax Authorities (the “Resolution”) was published in the Official Gazette. Such Resolution implements software tools in order to anticipate the control over the operations of Argentine taxpayers, in exercise of the powers of oversight of the collection agency –the tax authorities- prior to conducting certain foreign exchange transactions.
The Resolution provides that subjects living in Argentina that request the purchase of foreign currency to meet expenses to travel abroad for health reasons, studies, conferences, commercial management, sports, cultural activities such as scientific and tourism, must first comply with the reporting regime established by the Resolution.
Regarding the data to provide, anyone travelling shall prove:
- Tax Identification Number (TIN), Labor Tax ID (CUIL) or type and number of identity document.
- First and last names.
- Date of birth.
- Employment or professional activity.
- Country of destination and scales.
- Reason for travelling.
- Check out.
- Date of return.
- TIN of the tour operator, travel agency or similar, travel cost, number of shares and payment thereof: type of currency, expiration, etc., if applicable.
- Means of transport.
- Amount requested in argentine pesos for the purchase of foreign exchange.
To comply with this rule, a special section on the website of the Argentine Tax Authorities (http://www.afip.gov.ar) has been created. It is called “CONSULTING EXCHANGE OPERATOINS”, in which the required information must de provided. To access the website mentioned, taxpayers must have the respective TIN with security level 2 at least.
Argentine Tax Authorities will subsequently carry out systemic assessments on the input data and then issue the corresponding response on the amount in argentine pesos validated for the purchase of foreign currencies to the requested destination.
The Resolution came into force on May 29, 2012.