On 19 August 2013, the tax administration of Argentina (AFIP) issued a press release confirming that the Seychelles is a tax haven under Argentina's legislation. This statement is based on Decrees 1,344/1998 and 1,037/2000, which amended the Regulatory Decree to the Income Tax Law (DRLIG) introducing a list of 88 jurisdictions considered as tax havens (article 27(1) DRLIG). Decree 589/2013, published in the Official Gazette of 30 May 2013, amended the DRLIG establishing a new criterion to define when a country or jurisdiction is considered a "low or nil-tax country" in order to trigger the application of specific provisions in...