Global

Details

  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 7/18/2012

Argentina - Tax credit for capital goods, IT, telecommunications 

July 18:   A tax credit of 14% is available for capital goods, information technology, and telecommunications-related items through 2012.

Executive decree 1027/2012—published in the official gazette (Boletín Oficial) on 2 July 2012—makes changes to the types of goods eligible for the tax credit, with respect to where the goods are produced. Another change concerns a requirement to submit an affidavit concerning the number of registered employees.


The tax credit is:


  • Equal to 14% of the difference between the good’s selling price and the costs of inputs, parts or components imported for manufacture of the goods
  • Taxpayer-specific, but may be transferred once to a third party
  • Extended through 31 December 2012

Read a July 2012 report (Spanish) prepared by the KPMG member firm in Argentina: Régimen incentivo fiscal para bienes capital, informática y telecomunicaciones. Modificaciones.


Other decrees concerning tax exemption and information regulation

Other decrees have been issued concerning a tax exemption for certain imports, and changes to information requirements for utility services.


  • Tax exemption on certain imports: Executive decree 968/2012 (2 July 2012) establishes that the tax exemption for imports by federal, provincial, and municipal officials and their agencies for education, health, science and technology—established in decree 71/1997—is effective 1 January 2013.

    Read a July 2012 report (Spanish): Novedades Impuestos 2012 - 1° Semana de Julio


  • Changes to information requirements for utility services: The tax administration (Administración Federal de Ingresos Públicos) issued decree 3349/2012 (12 July 2012) introducing changes to the information regime for companies providing electrical, water, gas, telephone (landline), and mobile phone services. Information on transactions of ARS $1,000 per month or more are covered. The last day to submit information regarding transactions between 1 January 2012 and 30 June 2012 is 31 August 2012.

    Read a July 2012 report (Spanish): Novedades Impuestos 2012 - 2° Semana de Julio



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For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

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