Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 95

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 95
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     | To $ |                |     | Pay $ |                |     | Plus % |    |   |     | Over the excess of $ |                |
|                                |              - |     |      |  34,703,523.08 |     |       |              - |     |        | 25 | % |     |                      |              - |
|                                |  34,703,523.08 |     |      | 347,035,230.79 |     |       |   8,675,880.77 |     |        | 30 | % |     |                      |  34,703,523.08 |
|                                | 347,035,230.79 |     |      |        Onwards |     |       | 102,375,393.08 |     |        | 35 | % |     |                      | 347,035,230.79 |

Additionally, the Tax Reform Law enacted at the
end of 2017 imposed a tax on dividends paid by an Argentine entity to individuals and foreign beneficiaries which, following the amendments
introduced by the Social Solidarity and Productive Reactivation Laws and Law No. 27.630, the maintains the 7% tax rate for the period
2020 and onwards. In addition, the 2017 reform repealed the equalization tax in respect of profits generated from 2018 onwards, which
imposed a 35% withholding tax on dividend distributions exceeding accumulated taxable income.

Based on an analysis of the implications of the
ruling of the Supreme Court of Justice of the Nation (CSJN) in the leading case Candy S.A. and the numerous related rulings derived
therefrom, TASA, a company now merged with TMA, filed a claim against the AFIP challenging the agency’s decision to deny TASA’s
request to apply the tax inflation adjustment and deduct the updated depreciation and amortization charges for fiscal years 2008 to and
including 2014.

Between 2016 and 2019, the First and Second Instance
Courts ruled in favor of TASA’s claims, ordering the AFIP to reimburse TASA for the amounts of 2008-2009 and 2010, plus the corresponding
interest.

As a result of these favorable rulings, from fiscal
year 2015 to fiscal year 2019, TASA began applying the tax inflation adjustment and deducting in its tax returns the updated amortization
charges