Argentina:Approval of the tax reform bill by the House of Representatives
A tax reform bill proposing significant changes to the income tax law regarding the taxation of dividends and capital gains was submitted to the Argentine Congress on 27 August 2013. The Argentine House of Representatives approved the tax reform
See MoreArgentina: Changes to Income Tax and Family Allowances
The Argentine government announced changes to the income taxes. According to the new amendments exemptions from taxes will be offered and the level of non-taxable income for higher earners will be raised. According to Decree 1242/2013, workers with
See MoreArgentina – Mandatory online tax return system
From 1 August 2013 is has become compulsory for every Argentine taxpayers to use the online tax return system (SIFERE) to report gross revenue to local jurisdictions. Resolución General 7 was published in the official gazette on July 23, 2013 which
See MoreArgentina: New investment regime for the oil and gas industry
The Executive power of Argentina issued Decree N° 929/2013 to encourage investments in the oil and gas regime through new system. The Decree was published in the Official Gazette on July 15, 2013. According to the Decree eligible entities of the
See MoreArgentina: New process for determining “tax haven” jurisdictions
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
See MoreArgentina –Modifications to the transfer pricing regulations through General Resolution N° 3,476
The Argentine Federal Tax Authorities issued General Resolution N° 3,476 on 10 April 2013. The Resolution has revised the transfer pricing compliance rules and introduced modifications to the current Transfer Pricing regulations. General Resolution
See MoreNew plan for tax exemption for Argentina
Argentina's President Cristina Fernandez de Kirchner has taken some initiatives to increase the tax-exempt personal income tax threshold. According to the new plan, taxpayers with a gross monthly salary of up to ARS25,000 (USD5,215) will be
See MoreIncome and Capital Tax Treaty between Argentina and Russia
The Income and Capital Tax Treaty (2001) between Argentina and Russia, which was signed on 10 October 2001, entered into force on 16 October 2012. The treaty is expected to be applied from 1 January 2013. It generally follows the OECD Model
See MoreUruguay ratifies the TIEA with Argentina
On November 7, 2012, according to media reports, Uruguay's Chamber of Senators approved a law that would ratify the tax information exchange agreement (TIEA) the nation signed with
See MoreTIEA signed between Argentina and the Bahamas becomes effective immediately
According to media reports, the tax information exchange agreement (TIEA) signed between Argentina and the Bahamas entered into force on July 27, 2012, and became effective
See MoreArgentine Senate approves the TIEA signed between Argentina and Uruguay
On August 21, 2012, the Argentine Senate approved legislation relating to the tax information exchange agreement (TIEA) signed between Argentina and Uruguay on April 23, 2012, publishing law 26,758 in its Official
See MoreArgentina notified Chile to terminate the bilateral DTA
Argentina notified Chile on July 1, 2012, that it wishes to terminate the bilateral double taxation agreement (DTA) in place between the two countries. The agreement will be repealed on December 31,
See MoreTIEA between Argentina and Andorra entered into force
According to media reports, the TIEA signed between Argentina and Andorra entered into force on June 15,
See MoreTIEA between Argentina and San Marino enters into force
According to media reports, the tax information exchange agreement (TIEA) signed between Argentina and San Marino entered into force on June 16,
See MoreArgentina: TIEAs signed with Andorra, the Bahamas, Costa Rica and San Marino
On June 12, 2012, according to media reports, Cristina Fernandez de Kirchner, the Argentinian President, ratified the tax information exchange agreements (TIEAs) that Argentina has signed with Andorra, the Bahamas, Costa Rica and San
See MoreUruguay to Exchange Tax Information with Argentina
On 1 May 2012 it was reported that Uruguay has agreed to share tax information with Argentina, under a landmark double tax agreement recently signed between the two nations. Uruguay's economy minister, Fernando Lorenzo has said that the terms of the
See MoreArgentina: Import Taxes on Luxury Vehicles are increased
To support its domestic car manufacturing industry the Argentine government has announced a change to the country’s customs duty regime and introduced higher taxes on imported vehicles and motorbikes. According to the statement through a
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