Argentina: Knowledge Economy Regime takes effect
Argentina’s Knowledge Economy Regime (KER) entered into force 1 January 2020. KER grants significant tax cuts to resident entities engaged in the following commercial activities that amount to 70 percent of the local turnover:
- Professional services
- Nanotechnology and nanoscience
- Digital computer software
To take advantage of the regime, qualifying businesses must register with the KER Registry. These provisions will remain until 31 December 2029.