ARGENTINA: Senate To Discuss Double Taxation Of Services With Brazil

(RTTNews) - The Foreign Affairs and the Budget Commissions of the Argentinean Senate agreed to discuss the protocol to amend the agreement to avoid double taxation with Brazil.

The move is part of the agreement signed on last July, during the Mercosur Summit, held in Mendoza.

With the agreement, the expectation is to benefit more than 46 thousand Argentinean companies providing services such as accounting, legal advisory, architecture, engineering, audiovisual, advertising, information technology, research and development, consulting and business services.

The agreement states that Argentinean entrepreneurs and companies that export services to Brazil can discount taxes that they pay for profits, and avoid the payment of the tax to both countries.