On July 22, 2016, Law 27,260, with special incentives for Argentine taxpayers businesses to report previously unreported foreign and domestic assets, was published in the Argentine Official Gazette.
The law includes modifications to various tax provisions, including the repeal of the 10% withholding tax (WHT) on dividend distributions, a reduction of rates (to 0.25%) of the Argentine wealth tax and an increase of the minimum amount of equity subject to this tax, and the repeal of the Argentine minimum national income tax.
