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Compliance
Assistance in the design, implementation and monitoring of Compliance programs within the framework of local and international regulations (FCPA, Corporate Criminal Responsibility Law), including course delivery.
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ESG & Sustainability
Projects related to ESG (environmental, social and governance) and Sustainability.
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Forensic
The services offer includes expert advice in litigation resolution and the development of procedures in legal/digital forensics and cybersecurity.
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Human Capital solutions
Grant Thornton's Human Capital division has a team of professionals determined to accompany individuals and organizations throughout the relationship between the employee and the organization.
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Organizational restructuring
Advice on operational restructuring to companies in difficulty, their creditors or other interested parties.
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Services to the Government and the Public Sector
Financial audit projects and special technical and concurrent reviews of programs of national and subnational governments financed by International Credit Organizations. Special projects for government entities, public and mixed companies.
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Valuation Services
We provide stock, business, asset, and liability valuations in support of negotiations, account structuring, and tax opportunities.
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Transaction Advisory Services
The service offer includes financial due Diligence, operations services, business and strategic intelligence, ratings, advice on mergers and acquisitions, capital markets and debt advice.
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Academy - Empowered by Grant Thornton Argentina & Perú
Academy is an e-learning platform that emerged as a joint initiative of Grant Thornton Argentina and Grant Thornton Perú. It is designed so that everyone can acquire new skills in accounting, auditing, taxes, technology and business through access to multiple courses and certifications.
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External audit
We offer services of external audit of financial statements; assurance reports, agreed procedures and certifications; due-diligence and take-over of companies.
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Audit methodology and technology
At Grant Thornton we use a single audit methodology across our global network. We apply it through an integrated set of software tools known as the Voyager suite. Meet it now.
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Professional standards and training
Our IFRS advisors can help you navigate the complexity of the standards so you can spend your time and effort on your business.
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Prevention of money laundering and financing of terrorism
At Grant Thornton we provide advice to our clients in the development of an Asset Laundering and Terrorist Financing Prevention strategy that allows them to prevent risks in a comprehensive manner.
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Tax outsourcing
Taxes have a strong impact on your business decisions. At Grant Thornton we will respond quickly and tailor solutions for our clients.
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Payroll
Put your payroll in good hands while you take your business beyond. Learn about our services.
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Accounting, administration and finance services
To achieve the highest business benefits, you need an experienced team by your side. Learn about our services.
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Start-up companies
Learn about our solutions to help build your business.
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Financial statements audit
We offer services of external audit of financial statements; assurance reports, agreed procedures and certifications; due-diligence and take-over of companies.
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FIU Independent External Reviewer - AML/CFT
We participate in the implementation of the requirements of the FIU in leading companies and our services ensure an orderly framework, optimizing the investment.
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Internal audit
An internal audit helps identify gaps, deficiencies, and potential for inherent risk in all facets of the organization.
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Legal audit
The monitoring of the legal area is usually a complex and difficult task for organizations, which however cannot be neglected.
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Creation and acquisition of Financial Entities
We have the knowledge and experience in activities related to the acquisition and creation of financial entities, both locally and internationally.
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Responsible for regulatory compliance
At Grant Thornton we offer the service of acting as "Responsible for Regulatory Compliance and Internal Control" for companies that requested registration as Settlement and Clearing Agent and Trading Agent.
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Global Mobility Services
Sending someone abroad involves liabilities and obligations. We offer interesting solutions to minimize the tax burden for both parties.
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Direct Tax
We provide clear and practical solutions that meet your specific business needs, in the most tax-efficient way possible.
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Indirect Tax
Grant Thornton's tax teams take a rigorous approach to help you meeting your tax obligations, whatever challenges you may face along the way.
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International taxes – Transaction support
We offer our international experience in the field and make available the resources to plan and adequately comply with regulatory frameworks.
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Services to private clients
Wherever you are in the world, our tax specialists can help you with your interests and investments abroad.
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Clean energy and technology
Growing demand, development of new ways of energy and need of a sustainable future: we accompany our client in these changes and to be one step ahead.
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Mining
Our flexible, partner-led teams are dynamic and focused on development. We take time to understand the details of the client’s business and offer unique solutions.
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Oil and gas
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Banking
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Private capital
We gather international teams of experts in corporate finance, restructuring and recovery, tax and insurance services to deliver customized solutions from initial investment, through development stages until the end of each project.
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Fintech
We work to take advantage of all opportunities and manage industry risks, allowing our clients to always be one step beyond their competitors.
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Asset management
We have specialized teams in more than 140 markets delivering solutions regarding insurance, taxes and advisory to global, international, regional, local asset managers.
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Insurance
Thanks to our specialized team we offer accurate solutions for operational and transactional matters, litigations and administrative conflicts.
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Although its regulation is still pending, Title VII of the Law of Bases and Starting Points for the Freedom of Argentines (Law of Bases) creates the Large Investment Incentive Regime (RIGI, after its Spanish acronym or "the Regime") establishing incentives, certainty, legal security and a system of rights protection for private investments of USD 200,000 or more in a single project.
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“It is a regime that seeks to encourage and promote private investment -both national and foreign- in projects that contribute to the development of the Argentine economy, the execution of infrastructure works necessary for these purposes, the generation of employment, and to the positioning of the country as a strategic supplier in global markets,” comments Julia Adano, Head of Tax at Grant Thornton Argentina.
This Law considers large investments to be projects in the forestry, tourism, infrastructure, mining, technology, steel, energy, oil and gas industries that involve the acquisition, production, construction and/or development of assets that will be used for activities and whose investment amount in computable assetsi is equal to or greater than two hundred million US dollars (USD 200,000,000).
This minimum investment amount must be completed before the deadline indicated in the investment plan, at least 40% of the committed investment must be fulfilled within the first two years from the date of approval of the investment plan, and the investments must be long-term.
However, the Executive Branch of the National Government may establish higher minimum investment amounts in eligible assets by productive sector or by productive stage, with a limit of USD 900,000,000.
“Those investments that contribute to Argentina's positioning as a new long-term supplier in global markets in which it does not yet have a relevant participation and are equal to or greater than USD 1,000,000,000 may be qualified by the implementing authority as 'Long-Term Strategic Export Projects' and obtain differential benefits,” says Adano.
The period to join the RIGI will be two (2) years from the entry into force of the regime (extendable once for a period of up to one (1) year) and is only available for Single Project Vehicles (VPU, for its acronym in Spanish) that present an investment plan and obtain approval from the implementing authority.
VPUs must have the sole and exclusive purpose of carrying out one or more phases of a single project that qualifies as a "major investment". Commercial companies, branches of foreign companies, temporary consortium (UTE, for its acronym in Spanish) and other associative contracts, and dedicated branches may be considered VPUs.
“Dedicated branches are those that are formed from a legal entity that develops one or more activities that will not be part of the investment project, to 'isolate' the assets dedicated to the Project. These must be registered in the corresponding public registry, obtain a Unique Tax Identification Code (CUIT), register for the corresponding taxes independently and keep separate accounting from the company to which they belong,” explains Julia Adano.
“These must have as their sole purpose the development of the investment project for which inclusion in the RIGI is requested. In addition, they must have an assigned capital and have only the assets, liabilities and personnel that will be affected by the investment project. All incentives and benefits obtained by joining RIGI will only be enjoyed by the branch,” she highlights.
Benefits
Our thoughts
“We emphasize that it is a broad and challenging regime, since it is not aimed at a single sector of the economy or a single region of the country and the tax benefits are not limited to certain taxes, but rather cover the entire tax, customs and foreign exchange system.
Additionally, by declaring projects that qualify under the regime as being of “national interest” within the framework of our National Constitution, the aim is to create a regime that grants certainty, legal security and special protection to investors against potential non-compliance by the public administration.
The Executive Branch places emphasis on guaranteeing that there will be no rule changes and therefore the chapter on Fiscal Stability becomes relevant. It contains provisions that seek to provide the Regime with the legal security necessary to guarantee the stability of the benefits and rights granted to those who invest in these projects.
In this sense, the VPU will enjoy tax, customs and exchange stability for 30 years and will not be affected by the repeal of this law or by the creation of more burdensome or restrictive regulations than those contemplated in the RIGI. In turn, provinces and municipalities that adhere will not be able to impose new local taxes on the VPUs, except remuneration rates for the services actually provided.”
Julia Adano,
Head of Tax
Grant Thornton Argentina.
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i. The Regime considers as “investment in computable assets” all those investments that are intended for the acquisition, production or development of assets affected by activities included in the RIGI (excluding financial assets and exchange goods) and also the acquisition of company shares as long as they have computable assets and are merged with the single project vehicles (VPU, for its acronym in Spanish) within a period of 180 calendar days.