• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 5/22/2013

Argentina - Changes to tax credit incentive for capital goods 

May 22: A decree issued 2 May 2013 extends to 30 June 2013 and revises measures in Argentina’s tax credit incentive regime for capital goods (Régimen de Incentivo Fiscal para Bienes de Capital).

Decreto 480 (effective 6 May 2013) extends the incentives through June 2013, and provides for changes to the tax incentives regime for capital goods. Thus, the last day for the tax credit incentive regime for capital goods is 30 June 2013. Domestic manufacturers must submit an affidavit to the tax authorities concerning the number of employees under the regime’s provisions as of 31 December 2011.

Read a May 2013 report (Spanish) prepared by the KPMG member firm in Argentina: Decreto N° 480. B.O.: 6/5/2013. Régimen de incentivo para la fabricación nacional de bienes de capital. Prórroga y modificaciones.

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