Argentina Introduces Exceptional Corporate Income Tax Advance Payment Obligation

The Argentine tax authority (AFIP) has issued a release announcing the issuance of General Resolution 5248/2022, which provides for the introduction of an exceptional advance income tax payment obligation for certain companies. The obligation applies for:

• Companies that determined an income tax liability of ARS 100 million or more in the fiscal year ending between August 2021 and July 2022; or
• Companies that declared taxable income (tax result) of at least ARS 300 million (disregarding any…