Argentina's Tax Reform Plan Includes Reduced Corporate Tax Rate for Reinvested Earnings

On 31 October 2017, Argentina's Minister of the Treasury, Nicolas Dujovne, announced a tax reform plan that would introduce a number of changes in the country. Main measures include:

• A reduction in the corporate tax rate on non-distributed earnings from 35% to 30% in 2019 and to 25% from 2021;
• The introduction of a 10% tax on dividends (meant to promote reinvestment along with the corporate rate reduction);
• The introduction of a VAT obligation on supplies of digital services by non-resident …