In this page:
Accounting Rules |
Tax Rates |
Intellectual Property |
Legal Framework |
- Nature of the Tax
Value Added Tax (VAT) - Impuesto al valor agregado (IVA) in spanish.
- Tax Rate
The general rate of VAT is 21% charged on the net price of transactions, but certain public services or subsidiaries of telecommunications companies are subject to a rate of 27%. .
Excise duties, levied as a federal tax, are also collected on some products and services: tobacco, drinks whether they are alcoholic or not, beer, some electronic goods (television, radio, etc.), mobile telephone services, insurance premiums, luxury goods, etc.
- Reduced Tax Rate
Equipment or production goods, public transport, beef, fresh vegetables, accommodation, interest on loans acquired by Argentine financial institutions, some goods of ownership and equipment, newspapers and magazines are subject to VAT at 10.5%.
- Other Consumption Taxes
The tax called Ingresos Brutos is a federal tax which is paid to the province for each invoicing. In the Buenos Aires province, the rate is 3%. For more details on rates in other provinces and all other tax issues, consult the Argentina Tax Guide.
Learn more about Service Providers in Argentina on Globaltrade.net, the Directory for International Trade Service Providers.
- Company Tax
- Tax Rate For Foreign Companies
Companies domiciled in Argentina are subject to income tax on all their income, whether sourced in Argentina or in a foreign country. Non-resident companies are subject to tax on Argentine source income.
- Capital Gains Taxation
The tax rate on long-term capital gains is 35%.
- Main Allowable Deductions and Tax Credits
Expenses are deductible for depreciation or amortization, reserves, rents for premises and equipment, wages, donations of up to a maximum of 5% of taxable income etc. Interests are generally deductible provided they are incurred on loans taken out for business purposes. Important fact, all deductions are subject to review by the tax authorities.
- Other Corporate Taxes
As employees, employers must make social security and health care scheme payments at a rate of 23% to 27% of the salary depending on the activity and the size of the company.
- Other Domestic Resources
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
Country Comparison For Corporate Taxation
||Latin America & Caribbean
|Number of Payments of Taxes per Year
|Time Taken For Administrative Formalities (Hours)
|Total Share of Taxes (% of Profit)
- Last Available Data.
|Natural persons resident in Argentina are liable for income tax.
||A progressive tax on their worldwide income from 9 to 35%.
- Allowable Deductions and Tax Credits
Under the Income Tax Act, some exemptions are provided for the financial and capital markets, whereby interest on time deposits, government securities, and income from stocks and bonds that are quoted on the Stock Exchange are not subject to tax. Employees are subject to withholding tax at source, for which the employer is responsible (withholding agent). There are several types of allowances or tax reductions. The amounts vary from 1,200 ARS to 18,000 ARS.
- Special Expatriate Tax Regime
There is no specific tax regime for expatriate.
Learn more about Taxes and Accounting in Argentina on Globaltrade.net, the Directory for International Trade Service Providers.
- Independence of Justice
The judicial power is mostly independent. Argentina is considered to be a State of law, even if there is a certain degree of corruption in a few provinces.
- Equal Treatment of Nationals and Foreigners
Foreign nationals can benefit from equivalent treatment in judicial matters as citizens can, including when it is a question of commercial disputes. The level of corruption in the country is quite high.
- The Language of Justice
- Recourse to an Interpreter
- Sources of the Law and Legal Similarities
The country's legal system is a combination of the American and Western European systems. Each province also has its own constitution, which mirrors the broad lines of the structures of the federal constitution. The country has not accepted the obligatory jurisdiction of the International Court of Justice (ICJ). Argentina belongs to the MERCOSUR which has some supranational legislative functions.
- Checking National Laws Online
Library of the Ministry of Justice
Learn more about Lawyers and Legal in Argentina on Globaltrade.net, the Directory for International Trade Service Providers.
- General Information
Iberglobal, export assistance in Argentina (in Spanish), (in Spanish)
- Opening Hours and Days
Saturday and Sunday in the capital, from Saturday afternoon in the provinces.
|New Year's Day
||the Friday before Easter Sunday.
|National Memory Day
|Falklands War Day
|May Revolution Day
|General Belgrano Day
|General San Martin Day
|The Immaculate Conception
- Holiday Compensation
If a public holiday falls on a Saturday or Sunday, the Monday is a holiday instead.
Periods When Companies Usually Close
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Last Updates: December 2014