Exporting companies will have an additional period of 90 days to export the products included in the program and benefit from the exceptional and transitory countervalue for foreign currency settlement.
through the General Resolution 5406 published this Thursday, August 24 in the Official bulletinthe Federal Administration of Public Revenues (AFIP) of the Argentine Republic establishes a special period of validity 90 days for export requests for products included in Decree No. 378/23that are not covered by Law No. 21,453 and its amendments.
The decree #378/23for its part, establishes an exceptional and transitory countervalue for the settlement of foreign currency, establishing that the Central Bank of the Argentine Republic will establish the mechanisms so that the subjects that, within the framework of adherence to the provisions of Chapter II of Decree No. º 194/23, for the goods included therein, liquidate the currencies, inclusive, including the cases of pre-financing and/or post-financing of foreign exports or an advance payment, perfect said operation at THREE HUNDRED FORTY PESOS ($340) for each dollar US.
In summary, the AFIP decree establishes that the export requests of the products included in Decree No. 378/23, which are not covered by Law No. 21,453 and its modifications, will have a special validity of 90 days. This means that exporting companies will have an additional period of 90 days to export the products included in the program and benefit from the exceptional and transitory equivalent for the settlement of foreign currency.
The decree is important because it provides greater flexibility for exporting companies and allows them to take advantage of the Export Increase program to increase their sales abroad.
The Export Increase Program is an AFIP program that facilitates the export of Argentine products. This program grants benefits to exporting companies, such as the refund of export duties and the reduction of transportation and logistics costs.
The measurement detail:
- A special validity period of 90 days is established for export requests for products included in Decree No. 378/23, which are not covered by Law No. 21,453 and its amendments.
- The special period of validity begins to apply from the date of publication of the decree in the Official Gazette.
- Exporting companies that wish to benefit from the special period of validity must comply with the requirements established in Decree No. 378/23.
Source: Ambito
