15th November 2017
MGI Latin America member MGI Jebsen & Co. has provided a summary on the incoming tax reforms in Argentina to help fellow members of the MGI Worldwide international accountancy network understand the new set of laws.
At the end of October, the Argentinean government announced significant reforms to tax legislation in the country, which will have a profound effect on firms conducting business in the Argentinean market.
The summary, available in both English and Spanish, explains the main points of the Argentinean tax reforms, which are set to include a reduction in income tax, lower tax being applied to bank debits and credits, reducing the impact of the tax on property transfer and reductions to provincial tax.
There are also proposed changes to VAT, internal revenue taxes and turnover tax, all of which are outlined in MGI Jebsen & Co.'s summary.
The Argentinean government hopes the changes will lead to increased compliance with fiscal targets, fewer instances of tax evasion, greater opportunities for development and an overall more modern, efficient and equitable tax system. It also believes the reforms will help to promote investments, quality employment and business competitiveness throughout the country.
Visit MGI Jebsen & Co.'s website HERE to read the summary and find out more about the tax reform.
About MGI Jebsen & Co.
MGI Jebsen & Co. has been a member of the MGI Worldwide international accountancy network for almost 30 years. Martin Jebsen, Managing Partner at the firm, is a former Chairman of MGI, while Luis Uncal is a member of the Technical Committee, playing a key role in developing the MGI Worldwide network quality assurance systems.
Find MGI Jebsen & Co.'s MGI Worldwide member profile here.
MGI Worldwide is a top 20 ranked global accounting network with some 5,000 independent auditors, accountants and tax experts in over 260 locations around the world.