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Argentine Chamber of Deputies approves bill that would raise corporate income tax rates

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Argentina

The new bill approved by the Chamber of Deputies would increase tax rates by replacing the current fixed tax rate with a progressive tax scale. It also would extend the 7% withholding tax rate currently in force to dividends from profits accrued in tax years beginning 1 January 2021 and thereafter.

On 19 May 2021, the Argentine Chamber of Deputies approved a bill that would increase corporate incom…

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