On 19 August 2013, the tax administration of Argentina (AFIP) issued a press release confirming that the Seychelles is a tax haven under Argentina's legislation.
This statement is based on Decrees 1,344/1998 and 1,037/2000, which amended the Regulatory Decree to the Income Tax Law (DRLIG) introducing a list of 88 jurisdictions considered as tax havens (article 27(1) DRLIG).
Decree 589/2013, published in the Official Gazette of 30 May 2013, amended the DRLIG establishing a new criterion to define when a country or jurisdiction is considered a "low or nil-tax country" in order to trigger the application of specific provisions in the tax laws.
However, it is confirmed that, to date, the list of tax havens has not been modified. Therefore, the list of tax havens, as provided by article 27(1) DRLIG, remains in force. The Seychelles is included in the list (number 66).
The press release also states that the Seychelles would not be removed from the list as it has not replied to any proposal to negotiate a tax information exchange agreement (TIEA), and it has also received a negative evaluation by the Peer Review Group of the Global Forum on Transparency and Exchange of Information for Tax Purposes, which reinforces its status of tax haven at a worldwide level.
The current list of tax havens is available online on the AFIP's website.
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