Originally published in ARGENTINE BUSINESS LAW WATCH 1 January 23, 2004
This edition of Argentine Business Law Watch reports on a recently enacted federal tax regime designed to encourage Argentina’s burgeoning software industry. We also discuss a favorable change in the tax on directors serving on more than one board.
A New Federal Tax Regime for the Software Industry
Earlier this month the Argentine Congress passed Law No. 25,856 (short title: Software; Industrial Activity; Productive Promotion Policies) to qualify the software industry for special federal tax incentives.2 This law adds software companies (i.e., those involved in the design, development or manufacture of software) to the list of specific industries qualifying for special federal tax treatment. The new law refers only to federal tax rules and benefits to be regulated in the future. Nonetheless, the law encourages the provinces to follow suit and we expect the government to issue a decree that will permit software
