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Modification

Original Language Title: Modificación

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LAW OF VALUE ADDED TAX

Law 27273

Amendment.

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

Article 1-Amend the article without a number following Article 28 of the Law on Value Added Tax, 1997 and its amendments, which is worded as follows: Article ...: Sales-excluding those included in the Article 7 (a) (a)-Article 3 (c) (c) locations and final imports of newspapers, periodicals and periodicals, as well as subscriptions to digital press releases of information online, they will be reached by an aliquot equivalent to fifty percent (50%) of the laid down in the first paragraph of Article 28. In the case of subjects whose activity is the editorial production, the sales-excluding those included in the first paragraph of Article 7 (a)-the locations of Article 3 (c) and the subscriptions referred to in the paragraph above, shall be achieved by the aliquot which, for each case, is indicated below:

For the purposes of the application of the above mentioned aliquots, the publishers must,

end of each calendar quarter, consider the billing amounts of the last twelve (12)

immediate calendar months prior to, not including the value added tax, and on the basis of

BILLING AMOUNT OF THE TWELVE (12)

CALENDAR MONTHS, NOT INCLUDING TAX

TO THE VALUE ADDED

ALICIOTA

Equal to or less than $63,000,000 2.5%

Greater than $63,000,000 and equal to or less than $126,000,000

5%

Top $126,000,000 10.5%

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determine the appropriate aliquot to be applied for four-monthly calendar periods.

Billing amounts, for the purposes of the preceding paragraph, shall be understood as the total turnover of the subject

liabilities.

The aliquot that results from application to the subjects indicated in the second paragraph for the operations of

In the case of the Commission, the Commission has taken the necessary measures to ensure that the

Working people whose activity is the editorial production and the other amounts

invoiced by successive subjects in the marketing chain, irrespective of their level of

invoicing, only by such concepts and as they come from the same, unless the provisions of the

in point (a) of the first paragraph of Article 7 °.

For subjects whose activity is the editorial production, the locations of advertising spaces in

journals, journals, periodicals and digital digital editions of online information will be

reached by the aliquot which, according to the case in question, follows:

For the purposes of the application of the aliquots indicated above, the subjects indicated in the paragraph

prior to the completion of each calendar quarter, consider the billing amounts of

the last twelve (12) months prior immediate calendar, not including the value added tax, and in

(a) to determine the appropriate aliquot, which shall be applied for periods of time

four-monthly calendar.

Billing amounts, for the purposes of the preceding paragraph, shall be understood as the total turnover of the subject

liabilities.

The aliquot that results from application to the subjects indicated in the sixth paragraph for the location of spaces

In addition, the advertising of the advertising, which is determined in accordance with the schedule, also reaches the amounts invoiced

obtain all the parties involved in the commercial process, regardless of their level of

billing, only for these concepts and as long as they come from it.

In the case of initiation of activities, during the four (4) first fiscal periods since

initiation, the taxable persons covered by this Article shall determine the aliquot of the

a reasonable estimate of the annual turnover amounts.

BILLING AMOUNT OF THE TWELVE (12)

CALENDAR MONTHS, NOT INCLUDING TAX

TO THE VALUE ADDED

ALICIOTA

Equal to or less than $63,000,000 2.5%

Greater than $63,000,000 and equal to or less than $126,000,000

10.5%

Top $126,000,000 21%

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After the four (4) tax periods, the invoicing must be completed.

for that period, for the purpose of determining the aliquot which shall apply to the

activities indicated from the fifth post-initiation tax period, including, of

agreement with the figures obtained. Such an annualisation shall take place as the period indicated

matches the end of the four-month full calendar period. If such a coincidence is not

keep the aliquot determined in accordance with the preceding paragraph until the end of the quarter

Next immediate calendar.

The annualisation of the invoicing shall continue, with the completion of each calendar quarter,

considering the tax periods up to the immediate period before the start of the quarter

in the case, even, up to 12 (12) tax periods have elapsed since the beginning of the

activity.

The provisions of the three (3) paragraphs above shall also apply where the effects of the

This law will begin to apply after the start of activities, but before the end of the 12

(12) tax periods.

Empower the national executive branch to, through the bodies with competence in the field,

modify one (1) time per year the indicated billing amounts, when the situation so advises

(i) the economic situation in the sector and for the time taken.

ARTICLE 2-The provisions of this law shall begin to apply on the day of their publication in the Official Gazette and shall take effect for the taxable facts which are perfected from the first day of the month following that of that publication. For the purposes of applying the provisions contained in the third and seventh paragraphs of Article 28 of the Law on the Value Added Tax, the text ordered in 1997 and its amendments, which are The last four full calendar is to be considered in the present law.

ARTICLE 3 °-Commune to the national executive branch.

GIVEN IN THE SESSION HALL OF THE ARGENTINE CONGRESS, IN BUENOS AIRES, AT THE SEVEN DAYS OF THE MONTH OF SEPTEMBER OF THE YEAR TWO THOUSAND SIXTEEN.

-REGISTERED UNDER NO 27273-

MARTA G. MICHELETTI. -EMILIO MONZO. -Eugenio Inchausti. -Juan P. Tunessi.

Buenos Aires, 4 October 2016 Under the terms of Article 80 of the National Constitution, I certify that Law No. 27,273 (IF-2016-01892372-APN-SLYT) sanctioned by the HONORABLE CONGRESS OF THE NATION on September 7, 2016, has The date of the date of the date of the first For your publication to the National Directorate of the Official Register, please copy to the HONORABLE CONGRESS OF THE NATION and, for your knowledge and other effects, refer to the MINISTRY OF FINANCE AND PUBLIC FINANCES and the MINISTRY OF COMMUNICATIONS. Compliment, file. -Pablo Clusellas.

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Date of publication: 05/10/2016

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