On January 20, 2025, the Revenue and Customs Control Agency (“ARCA”) published General Resolution No. 5638/2025 (the “Resolution”) in the Official Gazette, establishing an exceptional process for the refund of credit balances related to the Tax for an Inclusive and Solidary Argentina (“PAIS Tax”).
According to the new regulation, agents responsible for the collection and settlement of the PAIS Tax may access a simplified refund of credit balances by submitting sworn declaration form F.744, corresponding to the months of December 2024 and January to March 2025. Additionally, it is established that credit balances will generate interest in favor of these agents.
Regarding the credit balance, it may be used through the “Tax Account System” with a fiscal key for the payment of collected amounts and/or the tax on credits and debits in bank accounts and other transactions corresponding to the periods of January, February, March, and April 2025. The use of the credit balance may be carried out until May 30, 2025.
Furthermore, restrictions are specified for the use of the credit balance corresponding to the period of December 2024:
– Until January 31, 2025 (inclusive): it may not exceed 33.33% of the credit balance declared up to that date.
– Until February 28, 2025 (inclusive): it may not exceed the amount resulting from subtracting the amount used in the previous period from 66.66% of the total declared balance.
– From March 1, 2025, to May 30, 2025 (inclusive): 100% of the remaining credit balance may be used.
The resolution came into force on January 17, 2025, the date it was issued
