Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

January 13, 2022

Argentina’s Tax Authority launches ‘Comprehensive System for Monitoring Payments Abroad for Services’

Taxpayers paying foreign service providers will be required to have their tax compliance and financial capacity analyzed through the “Comprehensive System for Monitoring Payments Abroad for Services” and approved before making payments abroad.

In General Resolution No. 5135/2022 (the Resolution) (published 7 January 2022), the Argentine Tax Authority (AFIP) established the “Comprehensive System for Monitoring Payments Abroad for Services” (SIMPES). The SIMPES applies to individuals and entities that pay foreign service providers. Before making the payments, the AFIP will analyze the tax compliance and financial capacity of the individuals and entities as a prerequisite to making the payments.


In Communication "A" 7,433 (issued 6 January 2022), the Argentine Central Bank (BCRA) required financial institutions to verify that an individual or entity paying a foreign service provider has obtained an approved affidavit through SIMPES.

General Resolution No. 5135

The Resolution establishes that SIMPES will apply to individuals, undivided estates and entities that need to pay foreign service providers on their own account or on behalf of third parties.

The parties required to make the payments must provide a sworn statement through SIMPES with the following information:

  • Payor Tax ID
  • Reason for the transfer
  • Type and amount of foreign currency to be transferred
  • The financial institutions making the payments
  • Payee information

They must also give their express consent for the sworn statement to be sent to the BCRA for its intervention.

Once the required information is entered, AFIP will analyze the individual’s or entity’s facts and circumstances based on the information available in its records and the individual’s or entity’s financial capacity through the “Financial Economic Capacity System” (System CEF) established by General Resolution No. 4,294. If the AFIP determines that the individual or entity has not complied, the individual or entity may request a reprocessing or express their disagreement by following the process set out in General Resolution No. 5135.

General Resolution No. 5135 clarifies that entities and agencies of the Federal Government, as well as institutions that are part of the provincial or municipal states (except for entities and organizations included in Article 1 of Law No. 22,016), are exempt from compliance with SIMPES. In addition, the following services are excluded from the SIMPES requirement: freight services, passenger transportation services, travel and other card payment services, government services and health services by travel assistance companies. Furthermore, General Resolution No. 5135 indicates that the AFIP will publish on the microsite for "SIMPES" minimum amounts to which the SIMPES obligation will not apply.

The SIMPES requirement became effective 7 January 2022 and applies to service contracts that were entered before that date and have pending payments as of 7 January 2022.


For additional information with respect to this Alert, please contact the following:

Pistrelli, Henry Martin & Asociados S.R.L., Buenos Aires

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young Abogados, Latin American Business Center, Madrid

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific


The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.


Copyright © 2024, Ernst & Young LLP.


All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.


Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.


"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.


Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or Please refer to the privacy notice/policy on these sites for more information.

Yes, I accept         Find out more