Argentina’s Federal Tax Authority (ARCA) announced the new interest rates in Auction Rate Securities (ARS) applicable to late tax payments for the period from 1 December 2024 to 31 January 2025.
The rates have been calculated in accordance with the methodology outlined by the Ministry of Economy in Resolution 3/2024.
As per the list the monthly interest rate for late tax payments in ARS, as per Article 37 of Law 11,683, is set at 7.47% (or 0.83% if the debt is in USD).
The monthly interest rate for late tax payments in ARS under judicial review as per Article 52 of Law 11,683) is set at 8.62% (or 1% if debts are denominated in USD).