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11.2. Tax Consequence of Business Emigration, Corporate Inversions and the Cessation of Business

There are no exit taxes or the like in Argentina. Upon the cessation of business, the company must file final tax returns and pay the taxes assessed for the relevant tax periods. Subsequently, the entity may file for the cancellation of its registration with the local tax authorities. The local tax authorities will issue the cancellation resolution only when satisfied that the taxpayer is in full compliance with all tax obligations. Therefore, it is likely that the tax authorities resort to an audit procedure in order to verify compliance.