On 4 September 2026, the Province of Córdoba enacted Law No. 11,137, creating the “Provincial Family Debt Relief and Reorganization Program” (Programa Provincial de Alivio y Reordenamiento del Endeudamiento Familiar). The law aims to assist Córdoba families facing difficulties meeting financial obligations due to the national economic context. It establishes a framework for debt restructuring with participating financial entities and credit card issuers, providing a special zero-percent aliquot for the Gross Income Tax (Impuesto sobre los Ingresos Brutos) on revenues derived from restructured loans. The law references National Laws No. 21,526 (Financial Entities) and No. 25,065 (Credit Cards) and is regulated by Ministry of Economy Resolution No. 87/2026 (Letter D).
Key Takeaways
- Targeted Household Relief: The program focuses on families unable to service debts due to macroeconomic conditions, offering structured restructuring pathways rather than blanket forgiveness.
- Fiscal Incentive for Lenders: The 0% Gross Income Tax rate on restructured loan revenues encourages financial entity participation, reducing the cost of providing relief.
- Regulatory Integration: The law operates within the existing national financial regulatory framework (Laws 21,526 and 25,065), ensuring compatibility with central bank and consumer protection rules.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement