| Taxable Income (ARS) |
Tax Rate % |
| 0 - 10,000 |
9% |
| 10,000 - 20,000 |
900+14% |
| 20,000 - 30,000 |
2300+19% |
| 30,000 - 60,000 |
4200+23% |
| 60,000 - 90,000 |
11,100+27% |
| 90,000 - 120,000 |
19,200+31% |
| 120,000 above |
28,500+35% |
Individuals resident in Argentina are taxable on
worldwide income and may obtain a foreign tax credit for
taxes paid on income from foreign sources.
Non-residents and foreign beneficiaries are only taxable on
their Argentine-source income.
Residents and non-residents are taxed at progressive income
tax rates ranging from 9% to 35%.
Gross income tax
Gross income tax is a provincial tax applicable to
self-employed individuals on gross earnings. The general
tax rate is 3% in the Federal Capital (the city of
Buenos Aires), and similar rates are applicable in the
different provinces. Professionals who do not perform
their activity in the form of a company are exempt from
the gross income tax in the city of Buenos Aires. The
tax is paid by filing monthly tax returns.
Foreign beneficiary tax
Foreign beneficiaries working temporarily in Argentina
for no more than six months during the year, who earn
income through either the visual or performing arts or
other profession, are subject to income tax on these
earnings at the rate of 24.5% (35% on assumed profit of
70% of gross income) to be withheld by the local payer.
Other tax rates could apply depending on the type of
income to be paid.
In Argentina lowest Individual Tax Rate is 9% and Highest Rate is 35%
| Taxable Income (ARS) |
Tax Rate % |
| 0 - 10,000 |
9% |
| 10,000 - 20,000 |
900+14% |
| 20,000 - 30,000 |
2300+19% |
| 30,000 - 60,000 |
4200+23% |
| 60,000 - 90,000 |
11,100+27% |
| 90,000 - 120,000 |
19,200+31% |
| 120,000 above |
28,500+35% |
Both residents and non-residents located in Argentina on a permanent basis (hereinafter NRPP)1, are subject to the same regular income tax rates.
Expatriates working in Argentina on a regular basis for less than six months (Foreign Beneficiaries) are taxed at a rate of 35 percent of their imputed Argentine source income, which is calculated at 70 percent of the gross amount received, making an effective tax rate of 24.5 percent. This tax is implemented by means of withholding, as a sole and final tax. Individuals residing in the country for more than six months will use the scaled rate table system mentioned above.
Deductions from income
Individuals living more than six months in Argentina can claim
the following personal deductions:
non-taxable income: ARS15,552
spouse: ARS17,280*
per dependent child: ARS8,640*
other dependents: ARS6,480*.
* If the spouse, dependent child or other dependent have been
living in Argentina for more than 6 months in the year, and
their income is not higher than the non taxable income.
A special deduction for compensation for services rendered is
available. The amount that may be deducted is 15,552, increased
to 74,649.60, for employees.
These amounts apply for employees whose monthly salary exceeds
ARS25,000. However, other employees earning lower salaries or
residing in certain specific provinces are able to compute
higher deduction amounts.
Corporate Tax Rate in Argentina is 35% for 2004
Are there additional capital gains tax (CGT) issues in Argentina? If so, please discuss?
No, there are not. Please refer to our previous comments on capital gains taxation.
Are there capital gains tax exceptions in Argentina? If so, please discuss?
No, there are not. Please refer to our previous comments on capital gains taxation.
Pre-CGT assets
Not applicable.
Deemed disposal and acquisition
Not applicable.
Income tax returns
The deadline for filing individual income tax returns and paying
any annual tax due depends on the final digit of the taxpayer?s
tax registration number and it usually operates by mid April.
If the person is a holder of shares of companies whose fiscal
year end is 31 December, and the shares are not quoted in the
stock exchange, the due date is mid May.
Informative income tax returns
Employees who are not registered with the Tax Authorities and
whose only source of income derives from their salary, which has
been subject to withholding at source, have to file an
informative annual income tax return when their annual gross
income exceeds ARS144,000. The deadline for filing such tax
return is 30 June.
tax year-end 31 December.
Compliance requirements for tax returns in Argentina
Employees do not have to file tax returns unless:
a refund is due to them or they have a deficit, which must be
paid.
the employee is additionally a permanent Member of the board (irrespective of whether he collects fees).
they have income deriving from sources other than remuneration.
their annual gross income exceeds ARS144,000 (in which case informative tax returns must be filed).