Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 297

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 297
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Rate                                2024                                                             2023                                                            2022                                
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 25%        Up to $34.7 million                                         ​    Up to $14.3 million                                         ​    Up to $7.6 million                                        ​
 30%        For the exceeding of $34.7 million and up to $347 million   ​    For the exceeding of $14.3 million and up to $143 million   ​    For the exceeding of $7.6 million and up to $76 million   ​
 35%        For the exceeding of $347 million                           ​    For the exceeding of $143 million                           ​    For the exceeding of $76 million                          ​
​
In addition, there is in force a withholding tax regime on distributed dividends of 7% applicable to shareholders who are Argentine resident individuals and to nonresident shareholders. 
In Argentina, cash dividends received from a foreign subsidiary are computed on the statutory income tax rate under the application of the “world rate” principle. However, as per tax law, income taxes paid abroad may be recognized as tax credits, both the income tax paid abroad by the subsidiary and the withholding tax on cash dividends.
The statutory income tax rate in Uruguay was 25% for all years presented. 
The statutory income tax rate in Paraguay was 10% for all years presented. Telecom Argentina recognized a deferred tax liability arising from the effect of the difference in the income tax rates between Argentina and Paraguay on the accumulated profits because it is probable that these accumulated profits will flow in the form of dividends subject to income tax. Additionally, there is a tax on dividends and profits with a rate of 8% for individuals or legal entities residing in Paraguay and 15% for non-residents.
In the USA, the federal flat income tax rate is 21%. For the State of Florida, the income tax rate is 5.5%. Additionally, the subsidiaries MFH, Naperville, and Saturn are not subject to income tax in the USA as they are “Foreign-owned US disregarded” LLCs.
In Chile, the income tax rate for companies under the Pro Pyme regime (as is the case of Ubiquo) is 10% for fiscal year 2023 and 12.5% for fiscal year 2024. Starting in fiscal year 2025, 25% will apply.
Income Tax Inflation Adjustment
In accordance with the provisions of the regulations in force in the Income Tax Law, the Company applies