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Argentina Considering Further Suspension of Corporate and Dividend Withholding Tax Changes — Orbitax Tax News & Alerts

Argentina's Congress is currently considering a draft bill to extend the suspension of the corporate tax and dividend withholding tax changes, which was provided by Law 27541 of 2019 on Social Solidarity and Productive Reactivation. Among other measures, Law 27541 provided a suspension until 1 January 2021 of the previously approved reduction in the corporate tax rate from 30% to 25% and the increase in the dividend withholding tax from 7% to 13% (rates also apply for branch/PE profit remittance). With the latest draft bill, the rate changes would be further suspended until 1 January 2022.