taxnews.ey.comPrint

09 May 2025

Argentine Senate approves Multilateral Instrument

  • On 7 May 2025, the Argentine Senate approved the Multilateral Instrument (MLI) aimed at implementing tax treaty measures to prevent base erosion and profit shifting (BEPS).
  • The MLI will take effect three calendar months after its publication in the Official Gazette and submission to the OECD.
  • Multinational companies operating in Argentina should assess the implications of the MLI on their cross-border transactions, particularly regarding changes in tax treaty provisions and compliance requirements.
 

During the session that took place on 7 May 2025, the Argentine Senate approved the Multilateral Instrument (MLI) to implement Tax-Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (BEPS). (For background, see EY Global Tax Alert, Argentine Chamber of Deputies approves Multilateral Instrument and other tax treaties, dated 9 October 2024.)

On 1 October 2024, the Chamber of Deputies had approved a bill to ratify the MLI.

Once the law is published in the Official Gazette, the MLI will be submitted to the Organisation for Economic Co-operation and Development (OECD). The MLI will enter into force upon the expiration of a period of three calendar months, beginning on the date the instrument is submitted to the OECD.

Multinational companies with a presence in Argentina should analyze the potential impact of the MLI in cross-border transactions.

* * * * * * * * * *
Contact Information

For additional information concerning this Alert, please contact:

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

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

Document ID: 2025-1034

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement