Insightful Response to a New Tax Duty

Shortly after the City of Buenos Aires began imposing a stamp tax on financial transactions in January 2009, Baker & McKenzie hosted a seminar to help major bank leaders successfully navigate the new law. Before then, stamp tax had primarily applied to real estate transfers. The new legislation, however, extended the application to most contracts for goods and services, including financial transactions.

During the seminar, we shared our vast experience with tax issues to address the concerns of Buenos Aires bank and financing institution representatives. With a deep understanding of tax law, we provided invaluable information on the changes that specifically affect the banking sector, both from an operative and withholding liability point of view.