Impostos a l'Argentina

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)

Tax Rate

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.