The resolution aims to give consumers a clearer understanding of how taxes contribute to the final cost of products and services. To allow companies time to adjust their systems, the implementation of the new rules will be gradual.
The Customs Collection and Control Agency (ARCA) updated, via General Resolution 5614/2024, the regulations that regulate tax transparency for consumers. This resolution requires companies in Argentina to provide consumers with a detailed breakdown of the taxes included in the final price of goods and services.
Then, large companies must begin to discriminate in their invoices the Value Added Tax (VAT) and other indirect national taxes as of January 1, 2025. This measure is part of the implementation of the fiscal transparency regime, recently approved. by the Customs Control and Collection Agency (ARCA), in order to offer greater clarity in the taxes that final consumers pay for the products and services purchased.
Gradual implementation of the regime
For large companies, the obligation to discriminate VAT and other taxes will be mandatory from the established date, January 1, 2025. For the rest of the taxpayers, they are granted an additional period until April 1, 2025 to adapt to the new regulations, after which tax discrimination will also be mandatory. However, taxpayers who already use electronic billing systems through ARCA will see this measure applied automatically from January 1, thanks to the systemic adjustments that the agency will implement.
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In the case of invoices and other receipts from large companies, an additional line must be included in which the specify the amount corresponding to VAT and, in those cases that apply, also the internal taxes applicable to the final price paid by the consumer. This measure seeks to give consumers a clearer vision of how taxes affect the cost of the products or services they purchase.
General Resolution No. 5614/24, recently published in the Official Gazette, establishes that the implementation of the regime will be gradual. In a first phase, it will be mandatory for large companies and, later, it will be extended to smaller taxpayers. Thus, the objective is to generate a progressive adaptation to the new system, giving companies enough time to adjust their billing processes.
What impact will it have for end consumers?
One of the great advantages of this regime is that the end consumer will not have to do any additional management. The receipts you receive for your purchases will already contain, in a clear and detailed manner, the legend “Consumer Fiscal Transparency Regime Law 27,743”, indicating the taxes that affect the final price of the product or service. This will allow them to know more precisely the impact that taxes have on the prices they pay.
Objectives of the tax transparency regime
According to ARCA, the main objective of this regime is to strengthen the government’s commitment to fiscal transparency. By allowing consumers to know exactly the impact of taxes on transactions, it is intended that they have the necessary information to make informed commercial decisions with complete freedom. This regime, therefore, is not only intended to improve transparency, but also to foster greater trust between consumers and providers of goods and services.
Consultation on large companies
The large companies that must comply with this obligation from January 1, 2025 are identified in an official list, which can be consulted on the corresponding ARCA website.
With the implementation of this regime, the aim is to strengthen consumer confidence in the tax system, guaranteeing that taxes are clearly visible and that
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
