Argentina

The rate of profits tax on net taxable profits from Argentine sources and from activities performed abroad by the branch is currently as follows (for fiscal years beginning on or after 1 January 2021):

• Taxable income from AR$ 0 to AR$ 5,000,000: 25%
• Taxable income from more than AR$ 5,000,000 to AR$ 50,000,000: AR$ 1,250,000 +  30% on the amount that exceeds AR$ 5,000,000.
• Taxable income from more than AR$ 50,000,000: AR$ 14,750,000 + 35% on the amount that exceeds $50M.