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Argentina Tax Rate for 2016-2017, 2015-2016, 2014-2015

Argentina Personal Income Tax Rate (PIT)

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.

 

Argentina Income Tax Rates 2014 and Deductions

Argentina Income Tax Rate for Individual Tax Payers

 

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 Rates in Argentina

Corporate Tax Rate in Argentina is 35% for 2004

 

Capital Gains Tax in Argentina

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.

 

Argentina Dates of filing Tax Returns / Reporting and Payment

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).

 

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