IMPOSTS Law 26.455 Taxes on profits, on credits and debits in bank accounts and other operators, additional emergency on the final price of sale of cigarettes. Trouble. Sanctioned: December 10, 2008 promulgated: December 15, 2008

The Senate and Chamber of Deputies of the Argentine Nation gathered in Congress, etc. strongly sanctioned by Law:

PART I

Tax on profits

ARTICLE 1 . Proven until 31 December 2009, inclusive, the suspension of the exemption set out in article 20, paragraph (1) of the Act on Taxation of Profits 1997 and its amendments, which were provided for in article 1 of Law 25,731.

PART II

Credits and debits in bank accounts and other operators

ARTICLE 2 Protract until 31 December 2009, including the validity of articles 1o, 2o, 3o, 4o, 5o and 6o of Law 25,413 and its amendments.

PART III

Additional emergency tax on the final sale price of cigarettes

Article 3 Protract until 31 December 2009, including the validity of the Additional Emergency Tax on the Final Sale Price of Cigarettes, established by Law 24.625 and its amendments.

PART IV

Other provisions

ARTICLE 4 Prohibit, under article 75, paragraph 3 of the National Constitution, during the validity of the Additional Emergency Tax on the Final Sale Price of Cigarettes, or until the sanction of the Federal Co-participation Act, which establishes article 75, paragraph 2, of the National Constitution, first, the distribution of the proceeds of the aforementioned tax provided for in article 11 of Law 25,239, amending Law 24,6.

PART V

Vigilance

ARTICLE 5o The provisions of this Act shall enter into force on the day of its publication in the Official Gazette and shall have effects:

(a) For the provisions of Title I :Imposed to Wins:: regarding export applications for consumption that are registered in the General Directorate of Customs of the Federal Public Income Administration, an autonomous entity within the Ministry of Economy and Production, since 1 January 2009, inclusive;

(b) For the provisions of Title II de Tax on Credits and Debits in Banking Accounts and Other Operators:: for the impossible facts that are perfected from January 1, 2009, inclusive;

(c) For what is established in Title III AdicionalAdditional Tax on the Final Sale Price of Cigarettes:: for the imponible facts that are perfected from 1 January 2009, inclusive.

ARTICLE 6 Contact the Executive.

DADA IN THE SESSION OF THE ARGENTINE CONGRESS, IN GOOD AIRES, TO THE TWENTY DAYS OF THE YEAR TWO MIL OCHO.

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JOSE J. B. PAMPURO. EDUARDO A. FELLNER. . Enrique Hidalgo. . Juan H. Estrada.