Argentina new tax on foreign internet shopping and travel

A new 20% tax on foreign e-commerce and travel has been introduced in Argentina from 18 March 2013.

The new Argentina VAT, collected through credit cards, will be payable on the following transactions:

1. Goods or services bought from outside Argentina over the internet
2. Passenger transport and travel services abroad (levied by travel agents)

The new tax may be offset against the income tax liabilities of any individuals.