This report analyzes the Corporate Income Tax amendment Bill and estimates the possible impact on public sector revenues.

The implementation of an increasing marginal tax rate scheme according to the income obtained in a fiscal year is expected, from the current rate of 25% to 30% for profits over AR$5 million, and 35% for profits over AR$20 million.

The scales are to be updated on an annual basis according to the accumulated variation of the Consumer Price Index prepared by INDEC.

According to OPC’s estimates, the fiscal impact of the income tax rate adjustment would be of AR$320.82 billion, which will be reflected in tax revenues as from May 2022.

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