Argentina introduces regulations to incentivise large investments
Argentina’s Executive Branch, through Decree 749/2024, has approved regulations under the RIGI - the Incentive Regime for Large Investments, as outlined in Law 27,742, on 23 August 2024. The RIGI regime aims to generate the conditions of
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Argentina sets deadlines for new tax, customs, social security regularisation
The Argentine tax authority (AFIP), in a release, on 15 August 2024, provided clarification about the "My Facilities" system, which taxpayers must utilise to participate in the regularisation regime for tax, customs, and social security obligations
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Argentina: Foreign affairs committee approves BEPS agreement
Argentina's Chamber of Deputies' Budget and Finance Committee approved the draft legislation for ratifying the Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 31 July,
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Argentina establishes public beneficial ownership registry
Argentina’s tax authority, Federal Public Revenue Administration (AFIP), in a release, announced the enactment of the Public Registry of Final Beneficiaries under General Resolution No. 5529/2024 on 19 July 2024. The provisions of the Act are
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Argentina removes five countries from non-cooperative jurisdictions list
Argentina has issued Decree 603/2024 of 10 July 2024, updating the list of non-cooperative jurisdictions for tax purposes as defined under Decree 862/2019. In this revised non-cooperative jurisdictions list, it removed Burkina Faso, Benin, Papua New
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Argentina publishes new reform laws and regularisation regimes
Argentina has published new reform laws - Law of Bases and Starting Points for the Freedom of Argentines ("Ley de Bases y Puntos de Partida para la Libertad de los Argentinos") and the Law of Palliative and Relevant Fiscal Measures ("Ley de Medidas
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Argentina passes tax reform bill
Argentina’s lower house of Congress (House of Representatives) approved the first tax bill requested by the new Executive Branch into law on 28 June, 2024. The outcome of the parliamentary procedures includes a moratorium tax regime for debts
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Argentina sets reporting deadline for CRS and FATCA
Argentina's tax authority issued General Resolution 5517/2024 on 26 June, 2024, in which it announced the exceptional extension deadline for the 2023 CRS and FATCA reporting. The new deadline is now set for 31 July, 2024. Submissions made
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Argentina approves reform bills with major investment incentives
Argentina's House of Representatives announced it approved the Law of Bases and Starting Points for the Freedom of Argentines (Ley de Bases y Puntos de Partida para la Libertad de los Argentinos) on Friday, 28 June 2024. The law introduces a new
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Czech Republic, Argentina to sign tax treaty
The Czech Republic announced, in a release on 24 June 2024, that it had started negotiations to sign an income tax treaty with Argentina. Argentina is a traditional economic partner of the Czech Republic in Latin America. Last year, it was the
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Argentina, Tunisia end tax treaty negotiations
According to a release from Argentina's Ministry of Foreign Affairs, International Trade, and Worship, officials from Argentina and Tunisia convened on 11 June 2024 to discuss an income tax treaty. Foreign Minister Diana Mondino and the
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Argentina lowers interest rates for late tax payments
Argentina has lowered the interest rate on late tax payments from 1 June to 31 July, 2024. New late payment rates The compensatory interest rate for general late payments has been reduced to 6.41% per month for the period from 1 June to 31
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Argentina: President Milei vows significant tax cuts if congress backs reforms
Argentina’s President Javier Milei announced on Saturday, 25 May, 2024, his intention to implement a "significant" tax reduction plan if Congress approves the legislation to scale back the state’s intervention in the economy. Milei proposes a
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Argentina and South Korea to advance tax treaty talks
Argentina and South Korea officials met to discuss bilateral cooperation, focusing on advancing negotiations for an income tax treaty between the two countries, on 13 May, 2024. Any tax treaty resulting from the negotiations must undergo
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Argentina set to initiate automatic financial data exchange under FATCA with the US
Argentina set to initiate the inaugural automatic exchange of financial information under the Intergovernmental Agreement (IGA) between Argentina and the US for FATCA implementation. The Argentine tax authority (AFIP) in a release announced that
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Argentina imposes 17.5% foreign currency tax on foreign profits and dividends
AFIP has previously also declared that it had increased the tax on foreign currency purchases (PAIS tax) from 7.5% to 17.5% on 13 December, 2023. The Argentine Tax Authority (AFIP) announced on Friday, 10 May, 2024, in a release the issuance of
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Argentina annuls tax collection for certain taxpayers
On 1 February 2024, Argentina released General Resolution 5482/2024, which outlines the suspension of collection lawsuits and enforced collection measures for specific groups of taxpayers. These include: micro, small, and medium enterprises
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Argentina: National congress mulls new Incentive regime for major investments
The Argentine National Congress is evaluating a draft legislation to establish a new incentive regime for major investments by sole purpose vehicles in specific sectors. The sole purpose vehicles for the new incentive regime include corporations,
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