TAXES

Law 26,929

Law No. 24,674. Amendment. Sanctioned: December 19, 2013 Enacted: December 20, 2013

The Senate and Chamber of Deputies of the Argentine Nation, meeting in Congress, etc., are sanctioned by law:

AMENDMENT TO THE DOMESTIC TAX LAW

ARTICLE 1-Substitute Article 28 of Law 24,674 of Internal Revenue and its amendments by the following text:

Article 28: Goods taxed, in accordance with the rules of the previous Article, shall be taxed by the tax resulting from the rate of 10% (10%) on the respective taxable amount. Those transactions whose selling price, without considering taxes, including the optional ones, is equal to or less than seventy thousand pesos ($170,000), will be exempt from the levy.

ARTICLE 2-Substitute Article 39 of Law 24,674 of Internal Revenue and its amendments by the following text:

Article 39: The goods referred to in Article 38 shall be taxed in respect of the tax resulting from the rate of 50% (50%) on the respective taxable amount. Those transactions, the selling price of which, without regard to taxes, including optional ones, is equal to or less than 70 pesos ($170,000) shall be exempt from the charge, with the exception of the goods covered by points (c) and (e) of the Article 38 for whose case the exemption shall govern whenever the said amount is equal to or less than twenty-two thousand ($22,000) for the item (c) and pesos ($100,000) for the item (e). Also, for the purposes of the goods included in points (a), (b) and (d), the selling price of which, without considering taxes, including the optional ones, is higher than the pesos ($170,000) up to two hundred and ten thousand pesos ($210,000). they must pay the tax resulting from the application of the rate of 30% (30%). In case the amount of weights two hundred and ten thousand ($210,000) is exceeded, the rate set out in the first paragraph of this article shall apply. In turn, for the case of the goods included in the item (e), whose sale price, without considering taxes, including the optional ones is greater than pesos one hundred thousand ($100,000) up to pesos hundred and seventy thousand ($170,000) the tax will be the one that results from the application of the 30% rate (30%).

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In case the amount of the amount of pesos is exceeded, seventy thousand ($170,000) will apply the rate established in the first paragraph of this article.

ARTICLE 3-The provisions laid down in Articles 1 and 2 of this Law shall be governed by the facts of the case as they arise from their publication in the Official Gazette.

ARTICLE 4 °-Commune to the national executive branch.

GIVEN IN THE SESSION HALL OF THE ARGENTINE CONGRESS, IN BUENOS AIRES, AT THE NINETEENTH DAY OF DECEMBER OF THE YEAR TWO THOUSAND THIRTEEN.

-REGISTERED UNDER NO 26,929-

BELOVED BOUDOU. -JULIAN A. DOMINGUEZ. -Juan H. Estrada. -Lucas Chedrese.

Date of publication: 31/12/2013

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