24 December 2019 Argentina enacts tax reform The tax reform modifies several tax provisions, including the corporate income tax, and establishes new taxes. Argentina enacted tax reform (Law No. 27,541 (the Law)), through publication in the Official Gazette on December 23, 2019. Specifically, the Law amends the corporate income tax, dividend withholding tax, inflation adjustment for income tax purposes, taxation on interest from certain Argentine investments, personal assets tax, tax on debits and credits in local bank accounts, and export duties. It also creates a new tax for an inclusive and supportive Argentina and a new tax debt settlement plan for micro and small enterprises. For more information on the significant changes made by the tax reform, see Tax Alert 2019-2240. Companies doing business and different stakeholders investing in Argentina should consider the consequences of the changes and evaluate the effect on their current Argentine operations.
Document ID: 2019-2289 | |||||||||||||||||||||||||
