On 27 January 2023, the Ministry of Economy of the Argentine Republic published in the Official Gazette Decree 48/2023 (the “Decree”), modifying article 24 of the Regulations to the Income Tax Law (the “Regulations”), text as amended in 2019, which lists the “Non-Cooperative” Jurisdictions.
Because they changed their status under the OECD and Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, the Decree removed the following jurisdictions from the list:
Bosnia and Herzegovina
Mongolia
Montenegro
Kingdom of Swaziland
Kingdom of Thailand
Hashemite Kingdom of Jordan
Republic of Botswana
Republic of Cape Verde
Republic of Kenya
Republic of Liberia
Republic of Maldives
Republic of Namibia
Republic of Paraguay
Islamic Republic of Mauritania
Sultanate of Oman.
Article 24 of the Regulation is worded as follows:
“ARTICLE 24.- The following are considered as “non-cooperating” jurisdictions under the terms of Article 19 of the Law:
Brecqhou
Burkina Faso
Eritrea
Vatican City State
Libyan Arab Jamahiriya
Independent State of Papua New Guinea
Plurinational State of Bolivia
Ascension Island
Sark Island
Saint Helena Island
Solomon Islands
Federated States of Micronesia Kingdom of Bhutan
Kingdom of Cambodia
Kingdom of Lesotho
Kingdom of Tonga
Kyrgyz Republic
Arab Republic of Egypt
Syrian Arab Republic
People's Democratic Republic of Algeria
Central African Republic
Cooperative Republic of Guyana
Republic of Angola
Republic of Belarus
Republic of Burundi
Republic of Côte d'Ivoire
Republic of Cuba
Republic of the Philippines
Republic of Fiji
Republic of Gambia
Republic of Guinea
Republic of Equatorial Guinea
Republic of Guinea-Bissau
Republic of Haiti
Republic of Honduras
Republic of Iraq
Republic of Kiribati
Republic of the Union of Myanmar
Republic of Madagascar
Republic of Malawi
Republic of Mali
Republic of Mozambique
Republic of Nicaragua
Republic of Palau
Republic of Rwanda
Republic of Sierra Leone
Republic of South Sudan
Republic of Suriname
Republic of Tajikistan
Republic of Trinidad and Tobago
Republic of Uzbekistan
Republic of Yemen
Republic of Djibouti
Republic of Zambia
Republic of Zimbabwe
Republic of Chad
Republic of Niger
Republic of Sudan
Democratic Republic of Sao Tome and Principe
Democratic Republic of Timor-Leste
Republic of Congo
Democratic Republic of the Congo
Federal Democratic Republic of Ethiopia
Lao People's Democratic Republic
Democratic Socialist Republic of Sri Lanka
Federal Republic of Somalia
Federal Democratic Republic of Nepal
Gabonese Republic
Islamic Republic of Afghanistan
Islamic Republic of Iran
People's Republic of Bangladesh
People's Republic of Benin
Democratic People's Republic of Korea
Socialist Republic of Vietnam
Togolese Republic
United Republic of Tanzania
British Overseas Territory Pitcairn, Henderson, Ducie and Oeno Islands
Tristan da Cunha
Tuvalu
Union of the Comoros”This amendment takes effect from 27 January 2023 inclusive.
