Bribery and Corruption Laws in Argentina

Overview

Argentina has strict laws against bribery and corruption, with penalties ranging from one to six years imprisonment. This article provides an overview of the key points related to bribery and corruption laws in Argentina.

Key Points

• Penalties for Bribery: Bribery and corruption are considered crimes under Argentine law, with penalties ranging from one to six years imprisonment.
• Disqualification from Public Office: Public officials who receive bribes or gifts related to their duties face perpetual special disqualification from public office.
• Liability of Individuals: Individuals who give or offer bribes can be imprisoned for up to six years. If they are public officers, they may also face two to six years of disqualification from public office.
• Criminal Liability of Legal Entities: Legal entities can be held criminally liable for corruption crimes carried out with their intervention or in their name, interest, or benefit.

Tax Treatment

While the text does not specifically address tax treatment, it mentions that the Income Tax Law in Argentina prohibits deducting net losses arising from illegal operations as business expenses. This suggests that companies involved in bribery and corruption may face additional financial consequences beyond criminal penalties.

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