From April 1, 2012, taxpayers in Argentina are required to report to the tax administration all cross-border services agreements, irrespective of whether the agreements are in writing or not. All contracts that were executed before April 1, 2012 but where payments are pending must also be reported.

1. Argentina Introduces New Filing Requirements for Cross-Border Services
(Sunnyvale, CA)- From April 1, 2012, taxpayers in Argentina are required to report to the tax
administration all cross-border services agreements, irrespective of whether the agreements are in
writing or not. All contracts that were executed before April 1, 2012 but where payments are pending
must also be reported.
It is critical for taxpayers to ensure timely reporting as without it they will not be allowed authorization
to purchase foreign currency required to make the payments or to allow their relevant bank to complete
the payment procedure.
Key Highlights of the Resolution 3,276 of tax administration published earlier this year include:
It is mandatory to the report to the tax administration any agreement in which:
-a foreign party agrees to provide service/s to the resident, and
-a resident agrees to provide service/s to a non-resident party.
Transactions that meet the below criteria must be reported: -Transactions where total amount
exceeds USD 100,000
-Transactions where any payment or installment exceeds USD 10,000
-Transactions whose amount is undetermined.
In addition to the information in the written agreement, extensive level of details must be
reported. Requirements include providing information regarding:
–beneficiary of the payments
–recipient's bank account
–number of payment
–amounts involved
Some transactions that need to be reported may already come under other information requirements
and/or authorization regimes (E.g. those provided by the law on transfer of technology or transfer
pricing reporting obligations).
Please call/email for more details.
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