On 3 February 2017, the Tax Information Exchange Agreement entered into Argentina and the United Arab Emirates (the Agreement) was published on the Official Gazette.

I. Tax Information Exchange Agreement

The Agreement sets forth mechanisms for the exchange of tax information between Argentina and the United Arab Emirates, being applicable in Argentina to matters related to Income Tax, Value Added Tax, Personal Assets Tax and Minimum Deemed Presumed Income and to other similar taxes established by the United Arab Emirates.

The exchange of information will take place upon request, and can be denied when the applicant party would not be able to obtain the information under its own laws for purposes of the administration or enforcement of its own tax laws and if the request is not made in conformity with the Agreement.

II. Entry into force

The Agreement entered into force on 17 January 2017.