PODCAST

Argentina’s Mandatory Disclosure Rules: Limited Time, Limited Guidance, Immediate Effect

Destination Country X, Episode 06-2020 | Taxpayers face potential challenges with Argentina's new, but incomplete MDR rules.

Kimberly Majure

Kimberly Majure

Principal, International Tax, KPMG US

+1 202-533-5270

Kortney Wallace

Kortney Wallace

Principal, International Tax, KPMG US

+1 313-230-3056

Juan Martin Jovanovich

Juan Martin Jovanovich

Partner – Head of Legal Services, Trade & Customs and Litigation, KPMG in Argentina

+54 11 4316 5834

Podcast overview

Argentina published its mandatory disclosure rules on October 20, 2020, with immediate effect. The rules, including the 10-business-day reporting requirements, are not self-executing; specific compliance details are yet to be released. Podcast hosts Kim Majure and Kortney Wallace speak with Juan Martin Jovanovich, head of Legal Services from KPMG in Argentina, about the challenges taxpayers are facing in light of the new (yet incomplete) MDR rules. They discuss the overall framework and scope of the rules, open guidance issues, obligations of the taxpayers and their advisers (including conflicts between MDR requirements and professional secrecy rules), and monetary and nonmonetary penalties for noncompliance.

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