Argentina Implements Shorter Payment Terms for Import Transactions

• Argentine Central Bank issued Communication “A” 8118 on 17 October 2024
• Access to Foreign Exchange Market for deferred payment for imports now allowed 30 days after officialization
• Previously, 50% payment after 30 days and remaining 50% after 60 days
• New provision applies to all goods except certain items
• Payment term reduction aims to facilitate timely payments for imports abroad

Source: globaltaxnews.ey.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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