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Tax Court ruled on deductibility of expenses incurred abroad

|Approved Changes|Argentina
Argentina

Chamber A of the National Tax Court gave its decision in the case of Cisco Systems Argentina S.A. on 23 October 2012 (available recently). The Court ruled on the deductibility of expenses incurred abroad by a resident company for corporate tax purposes.

In accordance with the Income Tax Law, expenses incurred abroad are, in principle, considered to be related to foreign-source income and t…

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