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Tax rates in Argentina

Tax Rates

Consumption Taxes

Nature of the Tax
Impuesto al Valor Agregado or IVA (Value Added Tax or VAT, in English)
Tax Rate
The general VAT rate stands at 21% and is charged on the net price of transactions. Certain public services such as electricity, water, and sewage disposal or telecommunications companies are subject to an increased rate of 27%.
Reduced Tax Rate
A reduced VAT rate of 10.5% applies to interest and commissions on loans made by banks; sale, preparation, manufacturing or construction and final import of certain capital assets; long-distance passenger transportation (more than 100 km); sale or import of newspapers and magazines.

Exports of goods and services are treated as zero-rated transactions, with the input VAT that can be used as a credit against output VAT or refunded following a special procedure.

Starting 1 January 2023, the VAT rates for editorial production, renting advertising space in newspapers, magazines, periodicals, and online news portals are adjusted based on the previous 12 months' VAT-exclusive sales. The rates are: (i) 2.5% for sales up to ARS 250 million, (ii) 5% for sales over ARS 250 million but not exceeding ARS 500 million, (iii) 10.5% for sales over ARS 500 million but not exceeding ARS 1,000 million, and (iv) 21% for sales over ARS 1,000 million.

Other Consumption Taxes
Import duties vary between 0% and 35%. Excise duties apply to tobacco, wines, soft drinks, spirits, gasoline, lubricants, insurance premiums, automobile tyres, mobiles services, perfumes, jewellery, and precious stones. From 1 January 2023 to 31 December 2025, certain electronic products are subject to a 19% tax, excluding specified radio broadcast receivers. For products manufactured by companies benefiting from the Tierra del Fuego province incentive, the rate is 9.5%.

Export duties are imposed on goods with rates varying according to the type of goods. Furthermore, a 30% solidarity tax applies to all foreign currency purchases by Argentine individuals for investment, and by companies and individuals for foreign expenses such as travel, accommodation, and personal use digital services. From 13 October 2022, the tax also covers the acquisition of personal, cultural, and recreational services outside Argentina (or within Argentina if provided by a nonresident) and the importation of luxury goods, including high-end cars and motorcycles, jets and private planes, recreational boats, premium alcoholic beverages, watches, pearls, diamonds, other precious stones, slot machines, and cryptocurrency mining machines.

Automobile duty is imposed on car ownership for vehicles registered in each jurisdiction.

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Corporate Taxes

Company Tax
Tax Rate For Foreign Companies
Residents and non-residents are subject to the same tax treatment. Non-resident companies are only taxed on their Argentina-sourced income.
Argentine-source income (e.g. royalties, interests) received by foreign entities is subject to withholding tax in full and final settlement at source.
Capital Gains Taxation
Gains from the transfer of shares, bonds, and other securities are taxed at standard CIT rates (25% to 35%).
Non-residents face capital gains tax on the sale of Argentine equities at an effective rate of 13.5% on gross proceeds or 15% on actual capital gains if the tax cost basis is properly documented for Argentine tax purposes. Equities listed on the local stock exchange and American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) are tax-exempt under certain conditions. Additionally, capital gains for foreign beneficiaries from the sale of corporate bonds issued by public offer, notes from financial trusts, or government bonds are exempt from profits tax if specific conditions are met.
Main Allowable Deductions and Tax Credits
Expenses are deductible if incurred for obtaining and preserving taxable income, as well as for taxes paid, depreciation or amortisation, reserves, wages and donations of up to a maximum of 5% of net taxable profits. Depreciation of automobiles with an original cost exceeding ARS 20,000 is not deductible. Related expenses, such as gasoline vouchers, insurance, rentals, repairs, and maintenance, are deductible up to ARS 7,200 per automobile per year. Directrors' fees are deductible if they are approved and accessible to the director before the tax return's due date or in a subsequent payment year. The deductible amount is either 25% of the after-tax profit or ARS 12,500 per individual, whichever is higher.
R&D expenditures (for the development of intangible assets) may be deducted when they are incurred or amortised over not more than five years, the same as for start-up expenses. Bad debts can be deducted only in specific cases (like bankruptcy or prescription) and if supporting documentation is provided. Representation expenses are deductible up to 1.5% of the amount of salaries accrued during the fiscal year.
Except for corporate income tax and the tax on minimum notional income, all taxes are deductible. However, when determining net taxable income, taxpayers cannot deduct amounts paid for penalties, litigation costs, penalty interest, and other costs arising from tax obligations.
Net operating losses may be carried forward for five years, whereas loss carrybacks are not allowed. Foreign-source losses must be offset against income from similar sources.
All deductions are subject to review by the tax authorities.
Other Corporate Taxes
Sales taxes are levied at the jurisdictional level, generally at a rate of 3% to 5% of gross revenue from the sale of goods and services. Higher rates may be imposed on certain services in some provinces. Industrial activities usually are exempt or subject to lower rates (between 0 and 2%). Jurisdictions also levy a real estate tax, with rates varying according to the location and the property’s fiscal value.

A financial transactions tax of 0.6% is levied on deposits and withdrawals in current accounts; as well as a 1.2% tax on any transactions made in a bank without using a bank account. 33% of the aforementioned taxes are creditable against profits tax and minimum notional income tax and/or respective tax advances.

Stamp duty of 1% is levied on the formal execution of public and private instruments including contracts, notarial deeds and promissory notes. Special rates of 0.5%, 1.2%, 3%, and 3.6% apply in certain cases.

An annual wealth tax is levied on the shares or holding in the capital of local companies owned by individuals or undivided estates domiciled in Argentina or abroad, and/or companies and/or any other type of legal person domiciled abroad. The tax rate is 0.5% of the value of the participation. Such tax does not apply to foreign companies' branches in Argentina.

Employers contribute to the national unemployment fund, family allowances fund, and social services institute for pensioners at a unified rate of 18% (20.4% for companies who mainly render services or commerce and are above the SME's threshold); plus 6% for the social health care plan. Argentine employers are exempt to pay social security contributions for the first ARS 7,003.68 per month/employee (plus an additional allowance of ARS 10,000 for small employers with no more than 25 employees). The exempt amount is increased to ARS 17,509.20 for employers in the textile, leather goods, agricultural industries, and healthcare services sector.
Employers must also contribute to the labour risk insurance (ARS 173 per month plus a percentage of the employee's salary according to the sector of activity), as well as to a life insurance fund (ARS 37.21 per month).

Other Domestic Resources
Federal Administration of Public Revenue (AFIP)

Country Comparison For Corporate Taxation

  Argentina Latin America & Caribbean United States Germany
Number of Payments of Taxes per Year 9.0 28.2 10.6 9.0
Time Taken For Administrative Formalities (Hours) 311.5 327.5 175.0 218.0
Total Share of Taxes (% of Profit) 106.3 46.8 36.6 48.8

Source: Doing Business, Latest available data.

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Individual Taxes

Tax Rate

Personal Income Tax Rate
ARS 0 -  419,253.95 5%
ARS 419,253.95 - 838,507.92 9%
ARS 838,507.92 - 1,257,761.87 12%
ARS 1,257,761.87 -  1,677,015.87 15%
ARS 1,677,015.87 -  2,515,523.74 19%
ARS 2,515,523.74 - 3,354,031.63 23%
ARS 3,354,031.63 - 5,031,047.45 27%
ARS 5,031,047.45 - 6,708,063.39 31%
ARS 6,708,063.39 and above 35%
Gross Income Tax
(provincial tax applicable to self-employed individuals on gross earnings)
Generally around 4%
Allowable Deductions and Tax Credits
Employees are subject to withholding tax at source, for which the employer is responsible (withholding agent). Social security contributions withheld by the employer and personal deductions are deductible from employment compensation for income tax purposes. Residents and non-residents can deduct the following annual personal allowances for FY 2024: 1,089,368.57 for individuals who have been living in Argentina for at least six months during the calendar year, ARS 1,015,579.74 for spouses, ARS 512,160.65 for each child younger than 18 years, ARS 3,812,790.04 for self-employed workers, ARS 4,357,474.33 for new professionals/entrepreneurs.

Donations to tax-exempt charitable institutions are deductible up to a maximum of 5% of net income, the same as for contributions to third-party medical schemes. Other medical expenses may be deducted up to a maximum of 40% of all corresponding invoices of the fiscal year (still capped at 5% of net income). Life insurance purchased from local authorised insurance companies and funeral expenses are deductible (up to limits set annually).

Deductible expenses for personal domestic services are capped at ARS 1,089,368.57 for FY 2024, contingent upon the domestic personnel's proper registration with the social security regime and the monthly payment of applicable social security contributions.

Individuals can deduct up to 40% of their rental expenses (up to a maximum of ARS 1,089,368.57), provided that they correspond to their dwelling and do not own any real property.
Mortgage and all other interest, alimony, education and childcare expenses are not deductible.

Special Expatriate Tax Regime
Non-resident and foreign beneficiaries are only taxable on their Argentine-source income.
Foreign beneficiaries working temporarily in Argentina for up to six months in a year, earning income from visual or performing arts or other professions, are subject to income tax at a rate of 24.5% (35% on an assumed profit of 70% of gross income), withheld by the local payer. Different tax rates may apply depending on the type of income.

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Double Taxation Treaties

Countries With Whom a Double Taxation Treaty Have Been Signed
List of Double Taxation Treaties
Withholding Taxes

Withholding tax rates are:

  • Dividends: 0% resident company - 7% resident individual, non-resident company and non-resident individual
  • Interest: interest paid to resident companies and individuals exceeding a specified monthly threshold is subject to withholding tax at the local level at various rates depending on the payee - 15.05%/35% non-resident company/individual
  • Royalties: royalties paid to resident companies and individuals exceeding a specified monthly threshold are subject to withholding tax at the local level at various rates depending on the payee - Royalty payments to non-resident individuals for copyrights are subject to a final withholding tax of 35% on 35% of the gross payment, making the effective rate 12.25%, with certain conditions. Film, television, and other royalties involving image or sound reproduction face a final withholding tax of 35% on 50% of the gross payment, yielding an effective rate of 17.5%. Non-resident patent royalties are subject to a final withholding tax of 35% on 80% of the gross payment, resulting in an effective rate of 28% if the agreement is registered with the INPI; otherwise, the effective rate is 31.5% (35% x 90%).
Bilateral Agreement
The United Kingdom and Argentina are bound by a double taxation treaty.

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Sources of Fiscal Information

Tax Authorities
Federal Administration of Public Revenue (AFIP)
Other Domestic Resources

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Latest Update: June 2024