Argentina's parliament is considering a revised draft bill submitted by the government on 8 April 2021 that provides for the introduction of new progressive corporate income tax rates. The progressive rate brackets have been increased as compared to the brackets considered earlier and are as follows on net taxable income:
- up to ARS 5.0 million - 25%
- over ARS 5.0 million up to 20.0 million - 30%
- over ARS 20.0 million - 35%
If approved, the new progressive rates would apply from 1 January 20…