Argentina
Tax on Bank Debits and Credits
Regarding the Tax on Bank Debits and Credits (Law 25.413 and amendments), sports associations enjoy reduced rates of 0,25% and 0,5% for credits and debits subject to the tax. These rates occur when the entities concurrently have operations exempt from, or not subject to, VAT for all operations they conduct and are exempt from income tax.
Sports entities must register the bank accounts to which the benefit applies in the “Register of Tax Benefits in Bank Accounts and Other Transactions”. The form and conditions are established by the regulatory norm (General...
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