Argentina issuing bonds for state reconstruction
On 22 December 2023, the Argentine government issued Decree No. 72/2023 concerning the Bonds for the Reconstruction for a Free Argentina or Bonos para la Reconstruccion de una Argentina Libre (BOPREAL). The Argentine Central Bank will issue BOPREAL
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Argentina: AFIP raises foreign currency tax for imports & freight
On 13 December 2023, Argentina’s tax authority (AFIP) declared that it had increased the tax on foreign currency purchases (PAIS tax) from 7.5% to 17.5%. This tax rate is applied to the purchase of foreign currency for the payment of import
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Argentina: Newly elected government announces tax reforms
On 10 December 2023, the recently elected Government took power and has announced a series of structural economic and tax measures, including a significant simplification and reduction in applicable taxes. One of the measures announced has been
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Argentina announces tax Incentives to boost organic food production
On 12 October 2023, Argentina published Law 27734 in the Official Gazette, which outlined the establishment of a tax incentive regime to enhance organic food production. The incentives will be distributed to eligible producers and/or processors of
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Argentina introduces new advance tax payment for financial services companies
On 28 September 2023, the Argentine Federal Tax Authority (AFIP) released General Resolution No. 5424/2023 (the Resolution), introducing a new income tax prepayment requirement for companies primarily engaged in "Financial Intermediation and
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Argentina: AFIP extends tax payment deadline under the special regime for small taxpayers
On 4 September 2023, the Argentine Federal Administration of Public Revenue (AFIP) published General Resolution 5411 which extends the due date for paying the tax payment within the simplified tax scheme for the following monthly periods:
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Argentina: AFIP establishes exceptional corporate income tax advance payment
On 21 July 2023, the Argentine Tax Authority (AFIP) issued General Resolution No. 5391/2023 which outlines the implementation of an exceptional advance income tax payment requirement for specific companies in the year 2023. Companies meeting the
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Argentina: AFIP introduces new payment facility for outstanding tax on SMEs
On 17 May 2023, Argentine tax authority (AFIP) has published General Resolution No. 5361/2023 which introduce a new payment facility for outstanding tax, social security, and customs obligations due until 30 April 2023, containing related interest
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Argentina: AFIP introduces new mandatory disclosure regime for international transactions
On 27 December 2022, Argentina's federal tax authority (AFIP) released General Resolution No.5306/2022, establishing a new mandatory disclosure regime for certain international transactions. It has replaced the previous mandatory reporting regime
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Argentina: Commission on foreign affairs endorses a bill to ratify MLI
On 8 November 2022, the Argentine Commission on Foreign Affairs accepted a bill to ratify the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). On 7 June 2017, Argentina signed the MLI containing a
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Argentina: MoE publishes new late tax payment and refund interest rates
On 23 August 2022, the Argentine Ministry of Economy published Resolution 559/2022, which provides new rates for late tax payments and reimbursement interest. The latest repeals Resolution 598/2019, which established rules for setting interest rates
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Argentina issues resolution introducing exceptional tax prepayment obligation
On 16 August 2022, Argentine tax authority (AFIP) published General Resolution No. 5248/2022, requiring a one-time tax payment for certain large companies that benefitted from deducting losses due to the coronavirus pandemic and ongoing
See MoreArgentina issues resolution increasing thresholds for advance payments
On 28 June 2022, Argentine Official Gazette published General Resolution 5211/2022 amending the provisions on income tax advance payment. The resolution increases the thresholds for making advance payments from ARS 500 to ARS 2500. Companies are
See MoreArgentina: AFIP extends CIT return submission deadlines
On 28 April 2022, the Federal Public Revenue Administration (AFIP) published General Resolution 5189/2022 of 28 April 2022, which extends the submission deadline of corporate tax return to between 23 and 26 May 2022, with the exact date depending
See MoreArgentina: AFIP extends tax payment facilities for SMEs
On 30 March 2022, the Federal Public Revenue Administration (AFIP) published General Resolution 5178/2022, which extends payment facilities for small and medium enterprises (SMEs) that is taxpayers preferential installment terms and interest rates
See MoreArgentina: AFIP again extends tax payment facilities for SMEs
On 28 January 2022, due to COVID-19 pandemic, the Federal Public Revenue Administration (AFIP) published General Resolution 5142/2022 of 28 January 2022 to extend time limit of previously introduced tax payment facilities for small and medium
See MoreWorld Bank: Conference looks at implementation of new tax instruments
On 1 October 2021 the second day of the Third World Bank Tax Conference looked at the practical implementation of new tax instruments. Sugar tax in South Africa The sugar-sweetened beverage tax in South Africa was first announced in the 2016
See MoreArgentina: AFIP publishes a Resolution on dividend WHT rate
On 26 August 2021, the Federal Public Revenue Administration (AFIP) published General Resolution 5060/2021 to update previous General Resolution 4478/2019. The new Resolution is about the application of the dividend withholding tax and the
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