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June 17, 2021
2021-5679

Argentina enacts law raising corporate income tax rates

The new law 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 1 January 2021 and thereafter.

On 16 June 2021, Argentina enacted and published, in the Official Gazette, Law 27,630 which increases corporate income tax rates for tax years beginning 1 January 2021 and onwards. For more information, see EY Global Tax Alerts, Argentine Senate approves tax reform bill that would raise corporate income tax rates, dated 4 June 2021 and Argentine Chamber of Deputies approves bill that would raise corporate income tax rates, date 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 Tax Co., Latin American Business Center, Japan & Asia Pacific

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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