Changes have been made in Argentina to the income tax treatment of securities, the transfer of shares and dividend distributions.
On 7 February 2014, Decree 2334 was published in the official gazette. This Decree implements income tax changes as enacted by Law 26.893, relating tithe payment of dividends; a 13.5% tax rate on the transfer of securities by foreign entities; and the treatment of losses from the transfer of shares, bonds, and other securities Changes have also been made to the calculation of the 10% income tax on dividends, and an exemption is introduced in respect of tax on certain transfers of shares, bonds, and other securities
These changes apply retroactively to payments made for the transfer of shares, bonds, and other securities, and for dividends paid beginning 23 September 2013.
