Argentina: Special refund procedure for overpaid PAIS tax on purchases of foreign currency
New phase runs from October 6, 2025, to November 19, 2025
General Resolution 5765/2025 reinstates the special refund procedure for overpaid PAIS tax on purchases of foreign currency (which was eliminated as of December 22, 2024) for the following new cases which were not included in the first phase:
- Shipments for which BOPREAL Series 1 was subscribed (i.e., until January 31, 2024)
- Shipments nationalized before or after December 13, 2023, for which the advance payment has not been fully utilized (e.g., cases in which the MULC was not fully accessed until December 22, 2024, and cases of forgiveness, offset, or capitalization of obligations)
The deadline for this new phase runs from October 6, 2025, to November 19, 2025, with the first installment scheduled for December 15, 2025.
Once the tax administration validates the application, importers will receive the credit in installments in accordance with the scheme set out.
For more information, contact a KPMG tax professional in Argentina:
Agostina Beatriz Bermudez | agostinabeatrizbermu@kpmg.com.ar