The Argentine tax administration (AFIP) has issued General Instruction 2/2017 of 18 May 2017, which instructs its legal department to drop pending claims for the minimum presumed income tax on assets (Impuesto a la Ganancia Mínima Presunta - IGMP) that have been contested by taxpayers that had a loss for the relevant year as evidenced in the taxpayer's financial statements and claimed in their tax return. In addition, no claims should be made for taxpayers in a loss position for 2016. The Gen…