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| *The Commerce Journal>>>Other Taxes |
Is there an equivalent of VAT in Argentina? Can I claim it back as a visitor? |
If a visitor comes to the UK they will pay VAT already included in the cost of items, but they can then claim this back again as they are not residents of the country. Is this possible when visiting Argentina, and if so how? thanks C. Value Added Tax Argentina imposes a VAT, with a standard rate of 21% and some items subjected to rates of 10.5% or 27%. In principle, there is no minimum threshold of transactions. If an NPO has taxable supplies, it must register for VAT purposes or claim exempt status, if applicable. Foreign grants may be subject to VAT if they consist of movable assets imported through customs. A tax-exempt NPO enjoys an exemption from VAT on the services it supplies, including imported services (i.e. rendered abroad and used in Argentina), insofar as the services directly advance the NPO's specific purposes [VAT Law, article 7, subsection h, paragraph 6]. Source(s): http://www.usig.org/countryinfo/argentin... |
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