• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 2/14/2014

Argentina - Income tax changes relating to share transfers, dividends 

February 14:  There are changes in Argentina to the income tax treatment concerning securities—i.e., the transfer of shares and dividend distributions.

Decree 2334, published in the official gazette on 7 February 2014, implements income tax changes as enacted by Law 26.893, concerning:

  • The definition of “other values” (demás valores) of securities that can be traded
  • Calculation of the 10% income tax on dividends
  • Time for payment of dividends
  • Exemption from tax for certain transfers of shares, bonds, and other securities
  • Losses from the transfer of shares, bonds, and other securities
  • A 13.5% tax rate on the transfer of securities by foreign entities

These changes apply retroactively to payments made for the transfer of shares, bonds, and other securities, and for dividends paid beginning 23 September 2013.

Read a February 2014 report (Spanish) prepared by the KPMG member firm in Argentina: Novedad Especial (1° semana de febrero)

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