Through General Resolution ARCA No. 5792/2025, published today in the Official Gazette (https://lnkd.in/dgx8Wbf6), the Revenue and Customs Control Agency (ARCA) has regulated the optional regime established by Resolution No. 1834/2025 of the Ministry of Economy, which allows foreign trade operators to maintain in U.S. dollars their free-availability tax credit balances and export refund amounts accrued as of October 31, 2025.
For such purposes, taxpayers must access the service titled “Option for Conversion/Denomination of Balances – Res. 1834/2025 – MEC,” available on ARCA’s website. Although the regulation provides that the period for exercising this option shall run from December 5, 2025 to March 1, 2026, it expressly establishes that the request must be submitted by December 31, 2025, and must be approved and notified no later than March 1, 2026.
With respect to export refunds, the option may be exercised only for those refund settlements recorded as of October 31, 2025 that bear the status “Devolución generada,” and remain pending payment at the time the option is exercised.
The peso-denominated amounts will be converted into United States dollars at the Banco Nación exchange rate in effect on November 18, 2025, and may subsequently be recorded as credit in the SIM, either for purposes of offsetting domestic or customs taxes, or for requesting their refund as from January 1, 2027.
The applicable exchange rate shall be that of the day preceding the offset or refund. Additionally, opting into the regime entails a waiver of interest as well as of any administrative or judicial claims concerning the amounts included.
However, notwithstanding that the possibility of maintaining balances in U.S. dollars is positive, the measure departs from the objectives set forth by the Ministry of Economy, as it introduces a substantial deferral in payment which, in practice, is not attractive and discourages its adoption by the export sector.