BFM&L, Taxand Argentina provide an over view of the latest Tax Reform Bill to enter Congress.

 

On November 15th, 2017, the Tax Reform Bill (the “Bill”) was sent to the Congress by the Executive in order to be discussed and eventually passed into law.

 

The Bill would introduce several modifications to the existing tax regime; please find below the taxes that would be modified:

 

  • Income Tax for corporate entities and individuals
  • Value Added Tax
  • Social Security
  • Tax on Debit and Credits on Bank Accounts
  • Local taxes (Turnover Tax, Stamp Tax)
  • Excise Tax
  • Tax on fuels
  • Tax on the transfer of real estate
  • Customs Tax
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