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Bruchou, Fernández Madero & Lombardi, Taxand Argentina, explains the new income tax regulatory decree.
On 9 April 2018, the Argentine Executive Power published Decree N° 279/2018 (the “Decree”). The Decree regulates the Income Tax Law, regarding incomes derived from financial instruments obtained by foreign beneficiaries.
The Decree establishes the taxable base and applicable tax rates for foreign beneficiaries regarding incomes obtained from their investments in Argentine financial instruments (e.g., LEBACS, notes, negotiable obligations, shares, among others). As well, the Decree clarifies some aspects regarding the Argentine open- end mutual funds.
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