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Argentine Senate approves tax reform bill that would raise corporate income tax rates

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Argentina

The new tax reform approved by the Argentine Congress increases tax rates by replacing the current fixed tax rate with a progressive tax scale. It also extends the 7% withholding tax rate currently in force to dividends from profits accrued in tax years beginning January 1, 2021 and thereafter.

On 2 June 2021, the Argentine Senate approved the bill that would increase corporate income tax rates for…

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