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Argentina Introduces New Late Payment Interest Rates Based on National Bank Rates

|Approved Changes|Argentina
Argentina

Argentina has published Resolution 50/2019 of 7 February 2019 in the Official Gazette, which provides new interest rates for outstanding tax debts. Under prior rules, compensatory interest at the rate of 3% per month applies for late payment, which is increased to a 4% punitive interest rate in cases where the collection of outstanding tax debts has been referred to the courts for enforcement.…

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