Financial operations and their taxability in the gross income tax of the province of C´órdoba

Abstract

 Due to current economic context of the country (high inflation, high exchange rate, among other macroeconomic variables), individuals or legal entities are increasingly developing or executing investment actions in different financial instruments, such as an agile alternative measure that allows them diversifying their assets -increasing their potential for appreciation or minimizing the risk of investing in a single financial asset- and, at the same time, as a tool that provides them with inflationary protection and immediate liquidity in some cases. For these reasons, throughout this document, taxability of financial operations will be contextualized in the classification of the taxable event in the Turnover Tax of the Province of Córdoba and, where appropriate, the scope and/or taxability will be established for each type of operation as an economic activity within the scope of the aforementioned tax.