The income and capital tax treaty between Argentina and China came into force on 26 November 2024. This was confirmed in a notice published in the Argentine Official Gazette on 19 December 2024.
This income tax treaty aims to eliminate double taxation on income and capital, ensuring it does not create opportunities for non-taxation or reduced taxation through tax evasion or avoidance between the two countries.
Earlier, Argentina ratified the income and capital tax treaty with China, Law 27780 was published in the Official Gazette on 18 October 2024. Argentina’s Chamber of Deputies approved the laws for the ratification of the tax treaty with China on 1 October 2024. The agreement was signed between the two nations on 2 December 2018, and is the first between the two countries.