Argentina rolls out digital VAT books
- Oct 22, 2019 | Richard Asquith
Argentina is starting the roll out of its standard digital VAT book regime, which requires taxpayers to maintain tax-related transactions in prescribed digital ledger formats. The ledgers include: sales; purchases; imports; and exports.
The first wave of taxpayers subject to the digital VAT books obligation started on 1 October 2019. The next wave, taxpayers with sales of $500,000 and below are included from 1 January 2020. A third wave, with sales between $500,000 and $2m, will start in March 2020. The fourth wave will start in May 2020 for businesses with sales above $2m. Other groups, including those exempt from VAT, will start in July 2020.
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
