- Argentina has long struggled with a large informal, cash-based economy and high VAT evasion.
- A new study shows VAT evasion dropped to 42% in 2023, the lowest in over 20 years.
- This represents a seven percentage point improvement from the previous year.
- The reduction marks a significant structural shift for Argentina, though the rate remains high by international standards.
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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