ARGENTINA: FATCA AND AUTOMATIC EXCHANGE OF INFORMATION WITH THE UNITED STATES OF AMERICA.

The Argentine Federal Tax Authorities have announced that the United States of America’s Internal Revenue Service has confirmed that Argentina possesses the necessary data security services and the adequate infrastructure to effectively perform the first automatic exchange of financial information, scheduled for September 2024. https://servicioscf.afip.gob.ar/publico/sitio/contenido/novedad/ver.aspx?id=3268

ARGENTINA: EXTRAORDINARY PAYMENT ON ACCOUNT OF INCOME TAX – HYDROCARBON SECTOR 

An Extraordinary Payment on Account of Income Tax for the Hydrocarbon Sector was published today in the Official Gazette of Argentina through General Resolution No. 5453/2023.  Entities carrying out any of the activities below shall be subject to the payment on account obligations provided that in the FY 2022 or FY 2023 Income Tax return, … Continued

ARGENTINA: PAIS TAX SCOPE AMENDMENT AND NEW PAYMENT ON ACCOUNT.

On the 24th, Argentina announced Decree No. 377/2023, expanding the scope of the “PAIS Tax” Regulations approved by Decree No. 99/2019. Key changes include: 1. Taxable Transactions: 2. Exchange Rate Impact: 3. AFIP Empowerment: 4. General Resolution No. 5393/2023: Payment on Account Features: For more details, refer to the official publications: Decree No. 377/2023 and … Continued