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Argentina Dissolving Federal Administration of Public Revenue, Removing Certain VAT Exemptions

  • Agency Replacement: The Argentine government announced the dissolution of AFIP, replacing it with ARCA, resulting in a 34% reduction in public positions and the relocation of 3100 irregularly employed staff.
  • Budget Savings: These changes aim to save approximately ARS 6.4 billion annually.
  • Policy Changes: The government will eliminate the VAT exemption for newspapers, magazines, periodicals, and digital subscriptions.

Source Orbitax

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