Argentina’s tax authority (AFIP) has issued a decree introducing new criteria for when to consider countries as “tax haven” jurisdictions for transfer pricing purposes.
This Decree was published on May 30, 2013. The Decree states that the AFIP will prepare a new list of countries or territories that have signed tax information exchange agreements with Argentina and, thus, will be considered as cooperating jurisdictions for purposes of tax transparency.
Countries or territories not included on this list will be considered as countries with low tax or no tax—i.e., tax havens—and thus, transactions with entities located in these countries will be subject to Argentina’s transfer pricing regime.
