Income Tax

The country taxes worldwide income. Law 27,630, published on June 16, 2021, establishes amendments to the Income Tax Law, including the modification of the corporate tax rate, which will be progressive depending on the net taxable income as follows: up to 5,000,000 Argentine pesos (ARS) the rate is 25%; between 5,000,000 ARS and 50,000,000 ARS the rate is 30%; and above 50,000,000 ARS the rate is 35%, for fiscal years starting on or after January 1, 2021.