Just released:

The 2025 KPMG US CEO Outlook – learn what’s shaping CEO decision making

Get the report
Just released:

The 2025 KPMG US CEO Outlook – learn what’s shaping CEO decision making

Get the report

Argentina: Special refund procedure for overpaid PAIS tax on purchases of foreign currency

New phase runs from October 6, 2025, to November 19, 2025

Share
October 13, 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

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline