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Argentina Publishes Decrees on Reordered Income Tax Law and Regulations Including List of Non-Cooperative Jurisdictions — Orbitax Tax News & Alerts

On 6 December 2019, Argentina published Decree 824/2019 in the Official Gazette, which approves a reordered text of the Income Tax Law that takes into account prior amendments/modifications. In relation to this, Decree 862/2019 has been published, which approves the regulation of the reordered Income Tax Law. One of the key updates in the regulation is the inclusion of a list of non-cooperative jurisdictions, which is used for all purposes set forth in the Income Tax Law that reference "non-cooperative jurisdictions", including certain withholding tax rules, CFC rules, and transfer pricing rules. The list includes the following 95 jurisdictions as non-cooperative:

Afghanistan, Algeria, Angola, Ascension Island, Bangladesh, Belarus, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brecqhou, Burkina Faso, Burundi, Cambodia, Cape Verde, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Federated States of Micronesia, Fiji, Gabon, Gambia, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Iran, Iraq, Ivory Coast, Jordan, Kenya, Kiribati, Kyrgyzstan, Laos, Lesotho, Liberia, Libya, Madagascar, Malawi, Maldives, Mali, Mauritania, Mongolia, Montenegro, Mozambique, Myanmar, Namibia, Nepal, Nicaragua, Niger, North Korea, Oman, Palau, Papua New Guinea, Paraguay, Philippines, Pitcairn Islands (Pitcairn, Henderson, Ducie, and Oeno Islands), Republic of the Congo, Rwanda, Saint Helena, Sao Tome and Principe, Sark Island, Sierra Leone, Solomon Islands, Somalia, South Sudan, Sri Lanka, Sudan, Suriname, Swaziland (Eswatini), Syria, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tristan da Cunha, Tuvalu, Uzbekistan, Vatican City, Vietnam, Yemen, Zambia, and Zimbabwe.

Decree 824/2019 entered into force on 7 December 2019 and Decree 862/2019 entered into force on 9 December 2019.