Global

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  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 6/11/2012

Argentina - Tax information exchange agreements 

June 11:   Measures approving tax information exchange agreements that Argentina has signed with Costa Rica, the Bahamas, San Marino, and Andorra were published in the Boletín Oficial on 7 June 2012.

In general, the tax information exchange agreements include statements that a country will provide assistance to the other signatory country through the exchange of information that is seen as relevant to the administration and enforcement of the country’s domestic laws—including information relating to:


  • The determination, assessment, enforcement, or collection of tax with respect to persons subject to such taxes
  • The investigation of tax matters
  • The prosecution of tax offences in relation to such persons

Information to be exchanged

Among information that is to be provided upon request is:


  • Information held by banks, other financial institutions, and any person, including nominees and trustees, acting in an agency or fiduciary capacity
  • Information regarding the beneficial ownership of companies, partnerships, foundations and other persons
  • Information on shares, units and other interests
  • Information—with respect to trusts—on grantors, trustees and beneficiaries, among others

Applicable taxes

The recent tax information exchange agreements provide:


  • Argentina and Costa Rica: In regards to Costa Rica, the agreement applies to direct taxes, indirect taxes and other taxes. In regards to Argentina, the agreement applies to income tax, value added tax, wealth tax, minimum presumed income tax, and excise tax.
  • Argentina and Bahamas: In regards to the Bahamas, the agreement applies to taxes of any type and description. In regards to Argentina, the agreement applies to income tax, value added tax, wealth tax, and minimum presumed income tax.
  • Argentina and San Marino: In regards to San Marino, the agreement applies to the general income tax and to the indirect tax on imports. In regards to Argentina, the agreement applies to income tax, value added tax, wealth tax, and minimum presumed income tax.
  • Argentina and Principality of Andorra: The taxes subject to the agreement in Andorra are the tax on the transfer of real estate, the capital gains tax on the transfer of real estate, and the existing direct taxes. In Argentina, the agreement applies to income tax, value added tax, wealth tax, and minimum presumed income tax.


For more information, contact a KPMG tax professional in Argentina:


Rodolfo Canese

+54 11 4316 5869


Violeta Lagos

+54 11 4891 5619


Mariel Vazquez

+54 11 4316 4668




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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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