Argentinian Tax Reform Bill Takes Effect

 

Michael Mundaca

Michael Mundaca

Michael Mundaca has extensive experience in taxation law that includes a stint as the top tax policy official at the U.S. Treasury Department. As co-director of the EY’s Americas Tax Center, Michael Mundaca maintains a strong focus on Latin American tax developments.

Argentina enacted comprehensive tax reform (Law No. 27,430 (the Law)) on 29 December 2017, through publication in the Official Gazette. The Law is generally effective 1 January 2018. The far-reaching Law introduces amendments to corporate income tax, personal income tax, value added tax (VAT), tax procedural law, criminal tax law, social security contributions, excise tax, tax on fuels, and tax on the transfer of real estate. It also establishes a special regime comprising an optional revaluation of assets for income tax purposes. Companies doing business in Argentina, as well as others with interests in and income from Argentina must consider the consequences of the changes and evaluate the effect on their current Argentine investments.

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