Argentina has eased its foreign exchange controls, effective this month. The changes affect imports, services, repatriations and bank controls. Deloitte’s International Tax Alert provides further details:
Foreign exchange controls are important to monitor, as they affect transfer pricing, cash funding/repatriation, timing of reimbursements and contemporaneous documentation requirements for clearance. Argentina’s announcement is good news for international business, and it is hopeful that other countries with similar controls follow their lead.
Tax and treasury practices should be integrated with respect to foreign exchange controls to gain maximum efficiencies in any organization.