EYArgentina applies 17.5% tax on purchases of foreign currency for dividend and profit distributions
|Tax Alerts, Legislation & Policy, Na ...|Argentina
On 6 May 2024, the Argentine National Executive Branch published in the Official Gazette Decree No. 385/2024, amending Decree No. 99/2019 with regard to the tax on purchases of foreign currency ("Impuesto PAIS," in Spanish).
Specifically, the amendments apply the Impuesto PAIS to the remittance of profits and dividends abroad at a rate of 17.5%, under the following circumstances:
- Transfers of divide…
