June 16, 2021
Argentina enacts law raising corporate income tax rates
The new law 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 16, 2021, Argentina enacted and published, in the Official Gazette, Law 27,630 which increases corporate income tax rates for tax years beginning January 1, 2021 and onwards. For more information, see Tax Alerts 2021-1119 and 2021-1050.