By means of General Resolution No. 5271, the Federal Administration of Public Revenues (“AFIP”) along with the Commerce Secretariat, created the Import System of the Argentine Republic (“SIRA”) to regulate and monitor the granting of administrative authorizations foreseen for imports of goods and services, replacing the existing system as from October 17, 2022.
Subjects importing and/or accessing the FX market for service payments abroad must inform and prepare a sworn statement through the web-system applied by AFIP.
The information registered in SIRA will be analyzed and report the intervening agencies (Secretariat of Commerce, AFIP/Customs, Central Bank of the Argentine Republic) which must analyze and rule over the operation within a term not exceeding 60 (sixty) calendar days as from the registration in SIRA. The authorizations will have a validity term of 90 (ninety) running days, counted from the date on which the “SALIDA” status of the operation is obtained. The different status of SIRA´s declaration will be available through the My Customs Operations (“MOA”) service, on AFIP’s web page.
The evaluation and analysis of import orders for goods and services will consist be acceptable if the following conditions are met:
• Information provided by the subject and authorization request.
• Risk Profile, and compliance with the commercial regime (detection of eventual under- or over-invoicing).
• Financial Economic Capacity (CEF system)
Within the presentation, the importer must include the proposed payment term (from the official dispatch). On this information, in the eventual approval the Central Bank and the Secretary of Commerce will establish and inform the term of access in each case.
Regarding the submissions made under the SIMI in force, those with OFFICIALIZED or OBSERVED status will be cancelled and will have to be registered again through the SIRA. Those with OUTGOING status remain valid, unless they are observed by the General Customs Directorate. On the other hand, those importers that have made presentations within the framework of the Integral Monitoring System for Foreign Payments of Services (“SIMPES”) and have an APPROVED status, shall remain valid.
This report cannot be considered as legal or any other kind of advice by Allende & Brea.
