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Argentina Clarifies Capital Gains Tax Liability For Foreigners

by Mike Godfrey, Tax-News.com, Washington

25 July 2017


Argentina's Inland Revenue has clarified who is responsible for collecting and paying tax on the sale of shares by foreign persons and companies.

With retrospective effect to September 23, 2013, tax at 15 percent of 90 percent of the profits should be withheld by a foreign entity unless the sale is a to an entity resident in Argentina, in which case that entity will be liable to collect and remit the tax liable.

If an intermediary is involved in the sale of the shares, such as a stock exchange, they will responsible for collecting and remitting the tax due.

TAGS: capital gains tax (CGT) | compliance | tax | tax compliance | regulation | Argentina

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