On December 29, 2017, Law No. 27340 (the
"Law") was enacted, introducing
important amendments to the Argentine tax system. The most
remarkable amendments are related to national (federal) taxes,
social security contributions and the criminal tax regime.
The main amendments to the Argentine tax system introduced by
the Law include the following:
- INCOME TAX
1.1 Business organizations.
Retained earnings from corporations and permanent establishments
related to fiscal years initiated on 01/01/2018 will be taxed at
30% and at 25% in relation with fiscal years initiated as from
01/01/2020. This involves a 35% reduction of the previous rate.
The distribution of dividends is subject to an additional tax of
7% for 2018 and 13% as from 2020. However, the Law renders void the
equalization tax set forth by the section which follows section 69
of the tax law, and therefore, dividends and earnings resulting
from accrued benefits prior to the date the Law becomes
