Argentina Considering Progressive Corporate Income Tax Rates

Argentina's government is reportedly finalizing a draft bill that would provide for the introduction of new progressive corporate income tax rates. This includes the replacements of the single 25% rate with the following progressive rates on net taxable income:

• up to ARS 1.3 million - 25%
• over ARS 1.3 million up to 2.6 million - 30%
• over ARS 2.6 million - 35%

As proposed, the new progressive rates would apply from 1 January 2021, with the brackets allowed to be adjusted from 2022 based on …