Argentina: Procedures for requesting accreditation or refunds under mining investment law

Beneficiaries must make a separate filing for each undertaking or project and for each tax year

Under mining investment law

The Federal Administration of Public Revenues and the Mining Secretary issued Joint General Resolution 5205/2022 to introduce changes to the procedure for requesting accreditation or refunds under the “benefit of fiscal stability” established by the Mining Investment Law No. 24,196.

To make a request for accreditation or refund, beneficiaries must make a separate filing for each undertaking or project and for each tax year containing the following documentation:

  • Justification and proof of the increase in the total tax burden
  • Declaration of not being entitled to another benefit or not having requested accreditation, return or transfer under another regime
  • Report issued by an independent public accountant affirming the reasonableness and legitimacy of the amount included in the request for accreditation or refund (origin, veracity, applicable legal provisions, amount, registration, among other concepts)

The Undersecretariat for Mining Development will analyze the filing, verify compliance with the aforementioned requirements and record in the electronic file its agreement regarding the continuity of the process.

Read a June 2022 report (Spanish) prepared by the KPMG member firm in Argentina

 

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