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September 20, 2023

Argentine Government proposes to evaluate a 15% corporate minimum tax

  • The Argentine Government released draft Budget Law that recommends evaluating a corporate minimum tax of 15% in line with Organisation of Economic Co-operation and Development Pillar Two objectives.
  • The draft legislation will be discussed after the presidential elections to be held at the end of next month (October 2023).

On 15 September 2023, the Argentine Government sent the draft Budget Law 2024 to the Congress. In the Message to the Congress, the Government recommended evaluating the possibility of enacting a 15% corporate minimum tax applicable to multinational groups in order to increase tax revenues.

To date, no specific project or further details have been disclosed.

The draft Budget Law 2024 is expected to be discussed in the Congress after the presidential elections to be held on 22 October 2023 (potential second round voting: 19 November 2023). A new Government will take office on 10 December 2023.


For additional information with respect to this Alert, please contact the following:

Pistrelli, Henry Martin & Asociados S.R.L., Buenos Aires

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young LLP (United States), Global Tax Desk Network, New York

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

Published by NTD's Tax Technical Knowledge Services group; Carolyn Wright, legal editor