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SMEs

  • The Bill maintains the gradual Corporate Income Tax rate reduction established under Law No. 21,755 reaching a permanent rate of 23% as of tax year 2029.
  • In this regard, the rate would be 12.5% for 2027; 15% for 2028; and 23% starting in the 2029 fiscal year, on a permanent basis.
  • Additionally, the monthly provisional payment rate for SMEs is reduced from 0.25% to 0.23%, effective January 1, 2029, with the rates established under Law No. 21,755 continuing to apply for prior periods.

The information contained in this publication was prepared by Carey y Cía. Ltda. for educational and informational purposes only and does not constitute legal advice.