ARTICLE

Probable implementation of new tax measures

Probably, due to recent case law that obliges Argentine government to eliminate a 13% reduction in salaries of public employees and pensions, according to newspaper's information, Argentine government is planning to implement new tax measures. The new measures would be:
January 7, 2010
Probable implementation of new tax measures
  1. to eliminate:
    1. the subsidy of oil and fuel in the Patagonia,
    2. the income tax exemption for reimbursements of taxes to exporters
    3. the benefits in the minimum presumed income tax granted to certain activities.
  2. to levy a 1% tax of on the payment of national taxes with certain public bonds (“LECOPS” and “Patacones”). This will be similar to the Tax on Debits and Credits in Bank Accounts.
  3.    to extend from five to ten years the period that losses can be carried forward in the income tax.

This insight is a brief comment on legal news in Argentina; it does not purport to be an exhaustive analysis or to provide legal advice.