Argentina: Abolition of withholding tax on dividend distributions and decrease of Personal Asset Tax rate - Additional clarification

05.08.2016

Further to our Announcement A16113, dated 27 July 2016, Clearstream Banking1 wishes to inform customers that we have received additional clarification regarding the abolition of withholding tax on dividend distributions.

Following further research regarding the publication and the impact of the new Law Nr. 27260, our custodian observed that the 10% withholding tax on dividend distributions will be eliminated for all types of shares, including “acciones liberadas”.

We can therefore now confirm that customers of Clearstream Banking will receive all upcoming Argentine dividend payments gross, regardless of their tax residency or type of share paying the dividend.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.

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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for CBF customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500