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June 4, 2021

Argentine Senate approves tax reform bill that would raise corporate income tax rates

The new tax reform approved by the Argentine Congress increases tax rates by replacing the current fixed tax rate with a progressive tax scale. It also extends the 7% withholding tax rate currently in force to dividends from profits accrued in tax years beginning January 1, 2021 and thereafter.

On June 2, 2021, the Argentine Senate approved the bill that would increase corporate income tax rates for tax years beginning January 1, 2021 and onwards. The tax reform will be published in the Official Gazette in the coming days. The bill was approved by the Chamber of Deputies on May 19, 2021. For more information, see Tax Alert 2021-1050.


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For additional information concerning this Alert, please contact:
Pistrelli, Henry Martin & Asociados S.R.L., Buenos Aires
   • Carlos Casanovas (
   • Gustavo Scravaglieri (
   • Ariel Becher (
   • Pablo Baroffio (
   • Juan Ignacio Pernin (
Ernst & Young LLP (United States), Latin American Business Center, New York
   • Pablo Wejcman (
   • Agustina Paula Paradiso (
   • Ana Mingramm (
   • Enrique Perez Grovas (