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June 4, 2021
2021-5633

Argentine Senate approves tax reform bill that would raise corporate income tax rates

The new tax reform approved by the Argentine Congress increases tax rates by replacing the current fixed tax rate with a progressive tax scale. It also extends the 7% withholding tax rate currently in force to dividends from profits accrued in tax years beginning January 1, 2021 and thereafter.

On 2 June 2021, the Argentine Senate approved the bill that would increase corporate income tax rates for tax years beginning 1 January 2021 and onwards. The tax reform will be published in the Official Gazette in the coming days. The bill was approved by the Chamber of Deputies on 19 May 2021. For more information, see EY Global Tax Alert, Argentine Chamber of Deputies approves bill that would raise corporate income tax rates, dated 24 May 2021.

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For additional information with respect to this Alert, please contact the following:

Pistrelli, Henry Martin & Asociados S.R.L., Buenos Aires

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young Abogados, Latin American Business Center, Madrid

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

 
 

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