On July 11, 2022, the Executive Branch issued Decree No. 7,402 (the "Decree"), whereby it amended Decree No. 4,644/2022 and provided for new conditions to qualify a territory as a low or no tax jurisdiction ("BONT" per its Spanish acronym).
In addition, the Decree enables the Tax Administration to prepare a list of countries or jurisdictions that it considers as BONT. For the preparation of this list, the Tax Administration may take as a reference the lists of tax havens or non-cooperating countries prepared by recognized international organizations. The Tax Administration will publish this list on its website.