close
Share with your friends

Argentina: Tax developments in response to COVID-19

General Information

This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).

The content will be updated on a regular basis. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.

Date accurate as of: 22 July 2020

Tax relief has been provided in Argentina for companies in response to the coronavirus (COVID-19) pandemic. Decreto 300 sets forth the following tax relief measures for companies that are employers and that provide healthcare-related services:

  • For companies that are employers and that provide healthcare-related services, a 95% reduction of employer contributions to the social security system has been granted for 150 days after 20th March 2020. 
  • The following tax relief measures for companies that are employers and that provide healthcare-related services:  
    • 59% reduction of the bank credit tax
    • 17% reduction of the bank debt tax. 

Filing/Payment Deadline Extension 

Decreto 332 was published in the official gazette on 1 April 2020 and provides for the creation of the emergency assistance program for jobs and production. Among the benefits available under the program there is the postponement of the payment of employer contributions to the Argentine Integrated Social Security System (SIPA) for certain companies.

Additional Information