Value Added Tax L.24402. Regulation - Its Modification - Full Text Of The Norm

Original Language Title: IMPUESTO AL VALOR AGREGADO L.24402. REGLAMENTACION - SU MODIFICACION - Texto completo de la norma

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
image inicio sitio infoleg MInisterio de Justicia y Derechos Humanos
IMPESTS Decree 216/96 Amend Decree No. 779/95, which regulates Law No. 24.402, which establishes a system of financing and early return of the Attached Value Tax.

Bs. As., 1/3/96

VISTO, Issue No. 030-001302/95 of the registration of MINISTERY OF ECONOMY AND ARTWS AND PUBLIC SERVICES, Law No. 24.402 and Decree No. 779 of 31 May 1995 and


That the Act referred to in the VISTO of the present, established a system of financing and early return of the Attached Value Tax for the definitive purchase or import of new capital goods and the investments made in physical infrastructure works for the mining activity.

That the same instituted the acquisitions or importers of the goods as beneficiaries of that regime, while they are destined to the productive process aimed at the sale in the external market, and to the subjects accepted under the Act No. 24,1996 that make investments in civil works and constructions to provide the necessary infrastructure for the production of goods for export.

That Decree No. 779/95 regulated the norm mentioned in the first Considering.

It is timely and appropriate to amend article 8 of the Decree in question, in order to achieve the equalization of the deadlines established therein.

That the Permanent Legal Service of the MINISTERY OF ECONOMY AND ARTWORKS AND SERVICES PUBLICOS has taken due intervention in the view that the proposed is legally viable.

That the present act is given in exercise of the powers conferred by article 99, paragraph 2, of the NATIONAL CONSTITUTION.




Article 1 el Replace the text of Article 8 of Decree No. 779/95, which reads as follows:

"ARTICULO 8° s Note the following maximum deadlines for the cancellation of the credits agreed under this regime:

(a) For purchases or imports of capital goods for mining activity, including the respective listings:

I.- when the destination is a new mining project: CUATRO (4) years.

II.- when the destination is a mining undertaking that is already underway: DOS (2) years.

(b) For purchases or imports of capital goods for activities other than mining, including the respective listings: CUATRO (4) years.

(c) For investments in physical infrastructure works for mining, as defined in these Regulations: SEIS (6) years.

These deadlines will be computed from the date of the actual availability of credit funds."

Art. 2° . Communicate, publish, give to the National Directorate of the Official Register and archvese. . MENEM. . Eduardo Bauzá. . Domingo F. Cavallo.