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17 June 2021 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.
Document ID: 2021-5679 |