LATAXNET. Managing Corporate Taxation in LATAM 2021

LATAXNET: Managing Corporate Taxation in LATAM 2021

This document is a collaborative work by LATAXNET (Latin American Tax & Legal Network) and WTS Global, designed to offer a technical and comparative view of the main corporate taxes in the most significant jurisdictions of the continent. Its purpose is to provide companies with tools to improve their competitive position and keep them informed about the latest international tax trends.

Argentina Chapter: Rosso Alba & Rougès Our firm leads the technical analysis of the Argentine tax system in effect for 2021, covering the following key aspects:

• Corporate Income Tax: Details the general 25% rate and the regulatory framework for permanent establishments.

  
  

• Capital Gains: A breakdown of tax rates for foreign beneficiaries (from 5% to 15%) according to the type of asset or bond traded.

  
  

• International Withholding Taxes: Summary of applicable rates on foreign remittances for interest (15.05% / 35%), royalties (21% to 31.5%), and technical services (31.5%).

  
  

• Double Taxation Treaties: A detailed analysis of reduced rates through treaties with countries such as Canada, Switzerland, Spain, Chile, Brazil, and the United States.

  
  

• Local Taxes: Essential information on the Gross Turnover Tax (rates from 1% to 7%) and Stamp Tax (generally 1%) at the provincial level.

  
  

• Exchange of Information: Analysis of the agreement signed between Argentina and the United States for cooperation and tax transparency.

  
  

The report also includes equivalent sections for Bolivia, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay, facilitating an exhaustive regional comparison.