Blog

Argentina Taxes Overview

Read

Argentina Taxes Overview
0
(0)

Every country has their own tax system and code by which individuals and corporations must abide. The tax policy of individual countries is one of the main determining factors for whether it is considered viable for businesses and friendly to foreigners doing business in or relocating to that country. Let’s take a look at Argentina’s tax overview in three main categories: Personal Taxes, Corporate Taxes, and VAT Taxes. 

SERVIAP can help with your global expansion needs. Contact us today to learn how you can expand your business with PEO in Argentina. 

Argentina Personal Taxes 

Here’s everything you need to know about personal taxes in Argentina: 

Who is Taxed? 

Argentina levies two different taxes on individuals, including personal income tax and personal assets tax (also known as a wealth tax). Any person who earns income in Argentina is subject to the country’s income tax.  

A person is considered a resident if they live permanently in the country or if they are a foreign individual who stays in the country for a period of 12 months.  

What is the Tax Rate? 

Argentina has a progressive income tax rate. There are seven scales for the income tax that range between 5% and 35%. The individual tax rates in Latin America had an average of 31.89% in 2021. That means that some individuals pay on the higher end of income tax rates in Argentina compared to the rest of Latin America, while others pay less. 

In addition to the income tax, Argentina also assesses a personal assets tax, or a wealth tax. On average, this wealth tax is 1.25% on the taxable base. It is assessed on: 

  • Assets that belong to residents of Argentina, whether located either in Argentina or in other countries  
  • Assets in Argentina that belong to an individual residing in a foreign country 
  • Shares that are issued by an Argentine company—though the company typically pays this tax on behalf of the shareholder 

National vs International Income 

Residents of the country are taxed on all income they earn worldwide. Non-residents are only taxed on the income they earn in Argentina. 

Capital Gains, Exemptions & Other Considerations 

Argentina doesn’t subject capital gains to tax. There is a 1.5% real estate tax, however, that is charged when individuals sell a property—whether there is a profit or loss from that sale.  

The country does allow deductions for medical expenses, retirement annuities, mortgage interest, some donations and other areas.   

Argentina Corporate Taxes 

Here’s everything you need to know about corporate taxes in Argentina: 

Who is Taxed? 

Argentina taxes all companies that have a presence in the country or are considered residents of the country. Resident companies are taxed on all the income they generate, regardless of whether it’s sourced there or in another country. Non-resident businesses are subjected to corporate tax only on the income they generate in Argentina.  

Argentina also taxes income from goods that are exported from Argentina. The country also taxes other international business activities, such as films produced in another country, international transportation, insurance, etc.  

What is the Tax Rate? 

Argentina charges corporations a tax rate of 35%. This rate is much higher than some of its neighboring countries. In fact, in 2020, the average corporate tax rate in South America was 27.54%. This puts Argentina nearly 10 percentage points higher.  

For partnerships, Argentina charges each individual who is part of the partnership. They are charged on a tax scale that is progressive, between 9% and 35%. 

What is Taxable Income? 

Argentina defines taxable income as any profits that are generated by the company.  

Tax Incentives & Deductions 

Generally speaking, Argentina allows companies to deduct expenses that are necessary to generate the profit. Argentine businesses also receive a tax credit for any foreign income tax that they pay.  

Argentina also offers tax incentives for activities such as forestry, mining, software production and biotechnology. The country also has a tax-free zone called Tierra del Fuego. 

Argentina VAT Taxes 

Value-added taxes, better known as VAT taxes, are a common form of consumption tax. The value-added portion is the difference between a business’ sales and its cost of purchasing services or goods from another business. Here’s what you need to know about VAT taxes in Argentina: 

Who is Taxed? 

Argentina assesses VAT taxes on goods and services that originate in the country. They assess this tax on a monthly basis, and consider the “inception” of the event at whatever is earliest—the delivery of goods, the rendering of the service, the issuance of the invoice, or the receipt. 

What is the Tax Rate? 

Argentina has a standard VAT tax rate of 21%. This is charged on the transaction’s net price. This VAT tax is one of the highest that’s charged in Latin America. That said, some goods and services are charged a lower 10.5% rate, and Argentina does not apply a VAT tax at all to exports.  

Services and leases that are charged a 27% VAT tax include: 

  • Telecommunications 
  • Electricity 

Goods and services that are charged a 10.5% VAT tax include: 

  • Fresh vegetables 
  • Interests on loans from financial institutions in Argentina 
  • Lodgings 
  • Bovine meat 
  • Newspapers and magazines 
  • Transportation for individuals 

Is Argentina Right for Your Business? 

SERVIAP is a leading Professional Employer Organization (PEO) ready to help your business expand operations throughout the Western Hemisphere. PEO is a model of co-employment, where we assume total responsibility for your talent, allowing you to focus on the strategic activities of your organization. Contact us today to learn more about how you can expand your business in Argentina. 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Related Articles

Argentina Taxes Overview

What is Neurodiversity in The Workplace And How to Support it

Talent Acquisition

5 Read

Fostering a truly inclusive workplace means going beyond compliance and actively celebrating neurodiversity in the workplace.

Read Blog Post

PEO vs EOR Services: 2 Options to Choose

Global EOR, International PEO

5 Read

Understanding the key differences between PEO vs EOR services is crucial when choosing the right solution for your business.

Read Blog Post

New Minimum Wage in El Salvador: What it Means For Global Companies

News El Salvador

4 Read

The new minimum wage in El Salvador became effective on June 1st, 2025, and requires a varying increase across different sectors.

Read Blog Post

Serviap Global Celebrates 15 Years

Featured, News

5 (2) In 2025, Serviap Global celebrates 15 years of history, an achievement that mirrors the rapid transformation of the employer of record (EOR) industry...

Read Blog Post

How to Pay Contractors Internationally: a Quick Guide

Independent contractors, Talent Acquisition

0 (0) Hiring international contractors can help you grow your business, reduce costs, and access specialized skills, but navigating how to pay contractors across borders...

Read Blog Post

How Can a US Company Hire a Foreign Employee?: 3 Useful Options

Recruitment, Recruitment process outsourcing (RPO)

0 (0) Even with recent tariffs and economic uncertainties, many American businesses are looking beyond borders to tap into international talent. But how can a...

Read Blog Post

Working Hours in Mexico: Country Plans 8-Hours Reduction by 2030

News Mexico

0 (0) Recent years in Mexico have been marked by recurrent discussions in labor reform, including the increase of minimum wage and the fight against...

Read Blog Post

4 Global Expansion Tips With Aaron McDaniel

Global EOR, Remote working

Expanding globally in 2025? The goal is not just about targeting the biggest markets. Read and discover global expansion tips to grow with confidence.

Read Blog Post

Serviap Global Wins at the 2025 Excellence in Customer Service Awards

Awards

The Serviap Global team has been recognized in the Exceptional Customer Experience category.

Read Blog Post

Live Webinar: What You Must Know About Global Expansion in 2025, with Aaron McDaniel

Featured

Learn insightful tips for global expansion expansion in our live webinar, featuring Aaron McDaniel.

Read Blog Post

Serviap Global is a Finalist at the 2025 TIARA Talent Solutions Awards US

Awards

Serviap Global becomes a finalist in Client Service at the 2025 TIARA Talent Solutions Awards US.

Read Blog Post

How to Use AI in Hiring International Workers

Recruitment, Recruitment process outsourcing (RPO), Talent Acquisition

How to use AI in hiring? Discover the history, benefits, and challenges of AI assistance in global talent acquisition.

Read Blog Post

How U.S. Tariffs Benefit Canada and Mexico: A Strategic Advantage in Global Trade

News

5 (1) US tariffs on other countries strengthen the position of Mexico and Canada as key partners for companies looking to expand, hire talent, and...

Read Blog Post

Borderless Talks Ep. 6: Women in Remote Work And The Evolution of The EOR Industry

Featured, Global EOR, Remote working

Episode 6 of Borderless Talks invites Brend Limón to discuss the evolution of global collaboration from the perspective of women in remote work.

Read Blog Post

Serviap Global is a Finalist at the 2025 Latin America Inspiring Workplaces Awards

Awards, Featured

Serviap Global is nomitated as a finalist among 8 other global companies at the IW Awards 2025.

Read Blog Post

How to Manage International Teams: 5 Tips for Leaders

Global EOR, Remote working

Efficient international teams take hard work and ongoing efforts in communication and culture. Here are 5 considerations to improve remote teamwork.

Read Blog Post

2 Options for Hiring Remote Foreign Employees Without a Local Entity

Global EOR, Independent contractors

The complexities of hiring remote foreign employees can be simplified with these two options: EOR collaboration and hiring independent contractors.

Read Blog Post

Infographics: Can we Overcome The Global Talent Shortage in 2025?

Recruitment, Talent Acquisition

Discover some key tips to help you beat the global talent shortage and getting ahead.

Read Blog Post

Borderless Talks Ep. 5: Advantages of Chinese companies in Latin America

Featured

Listen to the fifth episode of Borderless Talks with Serviap Global's Sales Executive from China, Sally Chen.

Read Blog Post

6 Important Documents to Hire Employees Abroad

Recruitment, Talent Acquisition, Visas and Immigration

Get to know some of the important documents and steps to hire employees abroad for global companies.

Read Blog Post

Global Hiring Trends in 2025: Which Industries Are Leading International Expansion?

Global EOR, International PEO

In 2025, many sectors will be at the forefront of international expansion and global hiring trends, from technology, to manufacturing, and so on.

Read Blog Post

Infographic: Working Hours in Latin America by Country

Infographics, International PEO

The maximum working hours in Latin America vary from country to country. Getting an overview of their work practices is essential to enter this region's...

Read Blog Post

Hiring In Colombia: 10 Key Factors To Know Beforehand

News Colombia, Talent Acquisition

Discover important aspects of the Colombian market based on the World Bank's Business Ready 2024 ranking.

Read Blog Post

How Does EOR Work?: Your 6-Steps Easy Guide

Global EOR, International PEO

An Employer of Record helps you enter new markets in a matter of weeks or even days. But do you know how does EOR work?

Read Blog Post

New “Unidad de Medida y Actualización” in Mexico: What it Means for Employers in 2025

Global EOR, News Mexico, Payroll outsourcing

The "Unidad de Medida y Actualización" index was increased by 4.21% in 2025 and reflects in the payment increase of fines and other obligations.

Read Blog Post

Borderless Talks Ep. 4: Top Global Expansion Mistakes to Avoid in 2025

Featured, Global EOR, Podcast

Listen to the fourth episode of Borderless Talks with Global Expansion Expert, Klaus Wehage.

Read Blog Post

Infographics: International Maternity Leave Standards

Global EOR

Browse our maps to discover the main differences in guidelines for international maternity leave rights.

Read Blog Post

Borderless Talks Ep. 3: Zain Ali on Global Hiring Solutions

Featured, Podcast

Listen to the third episode of Borderless Talks with Zain Ali, CEO of Centuro Global.

Read Blog Post

5 Top Digital Nomad Destinations in South America 

Uncategorized

Looking for your next place to work, live or hire? Here is our selection of top digital nomad destinations in South America for 2025.

Read Blog Post

6 Global Team Building Tips from Santa Claus Himself 

International PEO, Recruitment process outsourcing (RPO)

Santa Claus partnered with Serviap Global to give you these important tips on global team building in your company.

Read Blog Post