During the IDEA Colloquium on 2 October 2026, Finance Secretary Pablo Quirno affirmed Argentina’s commitment to aligning its tax framework with OECD standards, stating “we have to play by the world’s rules.” This declaration signals accelerated implementation of BEPS Action Items, including Country-by-Country Reporting (CbCR), mandatory disclosure rules (MDR), and the Global Anti-Base Erosion (GloBE) rules under Pillar Two. The government intends to submit legislative proposals before year-end to incorporate the 15% global minimum tax for multinational enterprises (MNEs) with revenues exceeding EUR 750 million, consistent with the Inclusive Framework agreement.
Key Takeaways
- Pillar Two Adoption: Argentina will transpose the GloBE rules into domestic law via a standalone Minimum Tax Law, expected to take effect for fiscal years starting 1 January 2027.
- Enhanced Transparency: The AFIP will expand automatic exchange of information (AEOI) coverage to include crypto-asset reporting (CARF) and advance rulings, tightening oversight of cross-border structures.
- Irish Model Reference: Quirno cited Ireland’s successful integration of OECD standards while maintaining competitiveness, suggesting Argentina may adopt similar intellectual property regimes and R&D credits to attract quality investment.
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