Argentine update: New measures to recover VAT related to fixed assets

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Argentine update: New measures to recover VAT related to fixed assets

Last December the Argentine executive has promulgated the Law 25988 (passed by the Congress on December 16 2004) that enables taxpayers to recover value-added tax (VAT) paid on certain acquisitions of fixed assets and establishes a one-year extension of the unpopular financial transactions tax among other tax measures

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