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Taxand Argentina provides an update on the bill for the voluntary disclosure of assets and other tax amendments.
After a session of more than 17 hours, the Lower House of the Argentine Congress approved by a wide majority (67%) the bill for the voluntary disclosure of assets and other tax amendments proposed by the President.
Now, the bill has passed to the Senate for its approval.
The bill of law, as it was approved by the Lower House, was modified from the original project sent by the Administration to Congress.
Discover more: Status update on bill for the voluntary disclosure of assets and other tax amendments
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The original bill contained certain amendments to the existing income tax exemption for the sale of listed shares and securities by Argentine resident individuals. The new bill eliminated such amendments and maintains the existing exemption unchanged.