ARG CB International Tax Cooperation

On Aug. 5, ARG CB issued rules on registering to report information.

  • Issued circular OPASI 2-641, communication A 7337 on international tax cooperation.
  • Circular re creation of register of financial entities obliged to report information.
  • Highlights
  • ARG CB issued circular to provide for the creation of the register of financial entities obliged to report information for international tax cooperation (register).
  • Financial entities must register as required under the standard of the OECD for the automatic exchange of information on financial accounts and provisions of the AFIP.
  • Information declared will be considered to have the effect of a sworn statement and must be updated by the declaring entity in the month of December of each year.
  • Effectiveness
  • Circular, communication shall enter into force on Oct. 31, 2021.
  • Aug. 2021 Official Publication
  • On Aug. 9, 2021, ARG CB published communication A 7337/2021 in official gazette.
  • Sep. 2021 New Circular
  • On Sep. 29, 2021, ARG CB issued circular CONAU 1-1489 on supervision, reporting.
  • Re incorporation of new information requirement of annual frequency called Register of financial entities obliged to report information for international tax cooperation.
  • Issued per rules in communication A 7337; clarified that first declaration must be made by Oct. 31, 2021 with its deadline set for Nov. 15, 2021.
  • Oct. 2021 Deadline Extension
  • On Oct. 29, 2021, ARG CB issued circular CONAU 1-1496 on reports for supervision.
  • Deadline for the first presentation of information has been extended to Nov. 30, 2021.
  • Also clarifies that annual data corresponding to 2020 must be reported alongside it.
  • Subsequent annual filings, operating on Jun. 30 of year following annual period under report are also modified; data must be reported using form Tax cooperation register.
  • Form available at ARG CB website; replacement pages in annex, cir in force Oct. 29.
  • Nov. 2021 Official Gazette
  • On Nov. 5, 2021, ARG GVT published communication A 7388 in the official gazette.
  • Apr. 2022 Official Publication
  • On Apr. 28, 2022, ARG CB published communication A 7372, circular CONAU 1-1489.
  • Jun. 2024 ARG CB International Tax Cooperation
  • On Jun. 28, 2024, ARG CB issued Communication A 8056 to extend expiration date of for 2023 for financial entities obliged to report data per international tax cooperation.
  • ARG CB is extending until Jul. 31, 2024 the deadline for submitting required report.
  • Jul. 2024 ARG CB Official Publication
  • On Jul. 11, 2024, ARG CB published Communication 8056 in the official gazette.

Regulators ARG CB
Entity Types B/D; Bank; Corp; CU; Inv Co
Reference OG, 7/11/2024; Cir CONAU 1-1636, Com A 8056, 6/28/2024; OG, Com A 7372/2022, 4/24/2022; OG, 11/5/2021; Cir CONAU 1-1496, Com A 7388, 10/29/2021; Cir CONAU 1-1489, Com A 7372, 9/29/2021; OG, 8/9/2021; Cir OPASI 2-641, Com A 7337, 8/5/2021
Functions Compliance; Financial; Legal; Registration/Licensing; Reporting; Tax
Countries Argentina; Cross-Border
Products Banking; Corporate; Fund Mgt; Securities
Regions Am
Rule Type Final
Rule Date 8/5/2021
Effective Date 7/31/2024
Rule Id 112887
Linked to N/A
Reg. Last Update 7/11/2024
Report Section International

Last substantive update on 07/16/2024