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ARTICLE · 26 SEPTEMBER 2018

Exchange Of Financial Information With The US

There will be no automatic exchange of financial information with the US.

ArgentinaTax
Alfaro -Abogados
Alfaro -Abogados

There will be no automatic exchange of financial information with the US.

On August 31, the tax collection agency of the United States of America (IRS) issued Resolution RP 2018/36, which updates with application from January 2019 two country listings for the purposes of the report of certain financial operations. It is an annual reporting obligation for cases of deposit of interests paid by US financial institutions to not resident subjects in that jurisdiction, residing in any of the countries listed in any of the lists in question.

The first list includes the countries that signed a "classic" exchange of information agreement with the United States, under which the United States is authorized to provide and receive financial information (either within the framework of an agreement to avoid double taxation or of a specific bilateral agreement for the exchange of information "upon request").

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