OrbitaxOrbitax

Argentine Senate Approves Special Tax on Unreported Foreign Assets to Fund IMF Debt Repayment

|Proposed Changes|Argentina
Argentina

On 12 May 2022, the Argentine Senate approved Bill 535/22 for the creation of a national fund for the repayment of debts to the International Monetary Fund (IMF), which would be funded by a new special tax on individuals and companies with unreported foreign assets. The bill must be approved by the Chamber of Deputies before being enacted into law. The special tax will be levied at a general r…

Continue Reading