ARGENTINA: BASES LAW AND PALLIATIVE RELEVANT TAX MEASURES LAW.

Today the Argentine Official Gazette published Law No. 27,742 -“Bases and Starting Point for the Freedom of the Argentine People” (“Bases Law”) and Law No. 27,743 – “Palliative and Relevant Tax Measures” – (“Fiscal Package”). A. The Bases Law is a comprehensive Act that entails tax and non-tax-related matters, including but not limited to: 1. … Continued

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: 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