The Income Operation of the newly initiated 2018 will be the first year in which corporate taxes will be declared and paid under the new tax regimes: depending on the tax regime adopted by the company or company, the latter will be affected by the First Category Tax on profits. of the 2017 business year with a rate of 25%, if elected by the attributed or fully integrated income system; or 25.5% if you opted for the semi-integrated or partially integrated income system on the profits of the 2017 business year and 27% from the 2018 business year onwards.
Following is a brief summary of the main aspects of the tax reform contained in Law No. 20,780, as amended by Law No. 20,899, hereinafter "Tax Reform", with full application as of January 1, 2017.