Overview
- Resolution 1834/2025 is in force, allowing foreign‑trade operators to convert accumulated tax credits and export reimbursements into U.S. dollars on an optional basis.
- Eligible balances are those accrued through October 31, 2025, with applications accepted until March 1, 2026.
- Converted amounts are locked until January 1, 2027, when they may be used to offset taxes or requested as refunds.
- ARCA will implement the system using Banco Nación rates, with the seller rate at conversion and the buyer rate on the day before compensation or refund.
- Private estimates put the notional exposure near US$1.5 billion, led by automakers at roughly US$900 million to US$1.2 billion, as detractors argue the measure defers state cash outflows.