On 20 May 2021, Argentina's Chamber of Deputies (lower house of Congress) approved a revised draft bill that provides for the introduction of new progressive corporate income tax rates. The progressive rate brackets as per the latest revisions are as follows on net taxable income:
- up to ARS 5.0 million - 25%
- over ARS 5.0 million up to 50.0 million - 30%
- over ARS 50.0 million - 35%
The draft approved by the Chamber of Deputies also provides for a reduction of the withholding tax rate on div…