Argentina: New extension regarding VAT refunds rejects
A new extension of the VAT refund for purchases paid with debit cards has been rejected by the Executive Power and it was established by Decrees 1387/2001, 1402/2001 and 1548/2001. In accordance with Resolution 153/2016, the Ministry of Economic
See MoreArgentina: Resolution 3,982.E regarding Simplified System published
The General Resolution 3,982.E has been published in the official bulletin of 6th January 2017 and came into force on the same date. It re-categorizes all taxpayers (excluding corporations) registered in the Simplified System. If taxpayers believe
See MoreTIEA between Argentina and UAE enters into force
The Exchange of Information Agreement regarding tax matters (TIEA) of 2016 between Argentina and United Arab Emirates has been entered into force on 17th January 2017 and it also effects from 17th January
See MoreArgentina: Deadline of short-term abolition of excise tax on sparkling wines changed
The Executive Branch's Decree 19/2017 has been published in the official gazette on 5th January 2017. As provided by article 33 of Law 24,674, the short-term abolition of the excise tax on sparkling wines has been prolonged from 1st January 2017 to
See MoreArgentina: Validity period for 75% excise tax rate on cigarettes extended
According to Executive Branch's Decree 626/2016 and under article 15 of amended Law 24,674, the excise tax rate on cigarettes has been changed from 60% to 75%. Again, new Executive Branch's Decree 15/2017 regarding excise tax on cigarettes has been
See MoreArgentina: New special CIT rate for gambling
Law 27,346 amends article 69 of the Income Tax Law (LIAG). It establishes a 41.5 per cent new proportional tax rate applicable to gambling and was published in the Official Gazette on 27th December 2016. The amendment is effective for company tax
See MoreArgentina: Tax modifications and VAT collection system enacted
Law No. 27,346 was enacted on 27th December 2016 by Argentina through publication in the Official Gazette. The Law makes several amendments to the Argentine tax regulations. The law adds a new VAT payment mechanism on services provided in Argentina
See MoreArgentina: DTA with Mexico expected to enter into force
The Income Tax Treaty of 2015 between Argentina and Mexico was expected to enter into force on 23 August 2017, after completing the ratification procedure. The provisions of the treaty generally follow the OECD Model Tax Convention. The treaty was
See MoreArgentina: DTA between Argentina and Mexico ratified
The Income and Capital Tax Treaty (2015) between Argentina and Mexico was ratified by Argentina on 23rd November 2016 by way of Law No. 27.334 and was published in the Official Gazette of Argentina on 21st December
See MoreArgentina: Special tax regime for small entrepreneurs
Law 27,346 published in the Official Gazette of 31st December 2016 amends the special tax regime for small entrepreneurs and professionals. The special regime is open to individuals, work cooperatives and de facto companies along with up to three
See MoreUS-Argentina signed an agreement to share tax information
The governments of United States and Argentina signed a tax information exchange agreement on 23 December 2016 that seeks to combat tax evasion and promote transparency. US Treasury Secretary Jacob J. Lew said that this agreement paves the way for
See MoreArgentina: Income tax deduction allowance increased
An executive Branch's Decree 1,253/2016 establishes a one-off ARS 15,000 increase in the individual income tax deduction allowance. It was published in the Official Gazette on 14th December 2016 and effective from that date. According to the Labor
See MoreArgentina: Tax reform approved
The lower house of the Federal Congress has passed a tax reform on 6th December 2016. The most relevant provisions are given below: Individual Taxation Increase in allowances; Deduction in case of rental payment on dwellings; Deduction of
See MoreArgentina: Amendments and clarification in tax amnesty regime
A Decree 1,206/2016 was published in the Official Gazette of 30th November 2016 and effective from 1st December 2016. This decree amends and clarifies certain aspects of the tax amnesty regime implemented by Decree 895/2016. The main requirements
See MoreDTA between Argentina and Mexico approved
The draft law that ratifies the Income and Capital Tax Treaty (2015) between Argentina and Mexico has been approved by the Argentine Chamber of Deputies on 23rd November
See MoreArgentina: Income tax exemption announced
The Minister of Finance announced a future implementation of an income tax exemption on 22nd November 2016. The future implementation regarding income tax exemption is that second installment of the 13th month salary to be paid during December. In
See MoreDTA between Argentina and Chile enters into force
The Income and Capital Tax Treaty (2015) between Argentina and Chile has been entered into force on 11th October 2016 and the treaty generally applies from 1st January 2017 in Argentina for withholding and other taxes and 1st January 2010 in Chile
See MoreArgentina: Publishes significant tax changes
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
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