Argentina has reduced the late tax payment interest rate for the period 1 June to 31 July 2024. The new rates are as follows:
- The compensatory interest rate for general late payment is 6.41% per month for the period 1 June to 31 July 2024 (down from 12.07% per month for the period 1 April to 31 May 2024); and
- The punitive interest rate for late payment is 7.39% per month for the period 1 June to 31 July 2024, which applies in cases where the collection of outstanding tax debts has been refer…