Argentine Budget and Finance Committee approves Multilateral Instrument

On 31 July 2024, the Budget and Finance Committee of the Chamber of Deputies approved a bill to ratify the Multilateral Instrument (MLI) to implement Tax-Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (BEPS).

Argentina signed the MLI on 7 June 2017, including a provisional list of expected Reservations and Notifications covering the bilateral tax treaties signed by Argentina.

Once the law is approved and published in the Official Gazette, the MLI will enter into force upon the expiration of a period of three calendar months beginning on the date the instrument is submitted to the Organisation for Economic Co-operation (OCED) for ratification.

A case-by-case analysis should be made to identify the potential impact of the MLI in cross-border transactions involving multinational companies with a presence in Argentina.

 

For additional information concerning this Alert, please contact:

Pistrelli, Henry Martin & Asociados S.R.L., Buenos Aires
  • Carlos Casanovas

  • Gustavo Scravaglieri

  • Ariel Becher

  • Sergio Caveggia

  • Pablo Baroffio

  • Sabrina Maiorano

  • Juan Ignacio Pernin

  • Agustina Paradiso
Ernst & Young LLP (United States), Latin American Business Center, New York
  • Pablo Wejcman

  • Maria Melina Oyhenart

  • Ana Mingramm

  • Enrique Perez Grovas
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
  • Lourdes Libreros
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
  • Raul Moreno, Tokyo

  • Luis Coronado, Singapore


Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.