Argentina Considering Tax Exemption on Certain Interest Income

Argentina's Congress is considering a draft bill submitted on 16 October 2020 that includes measures for the introduction of an income tax exemption on certain interest income. The exemption would apply for

• Interest income on bank deposits denominated in ARS with an adjustment clause for inflation; and
• Interest income on financial instruments denominated in ARS that are planned to be created by the government to promote productive investments.

The draft bill also includes measures to prov…