The Tax System in Argentina

Argentina has one of the highest tax rates in the world and one of the most complicated tax systems, with multiple overlapping taxes. Taxes paid for one concept can be used to credit amounts due for other taxes. It is essental to have a capable accountant who looks after the company on a monthly basis and ensures the company stays current with monthly tax filings. Companies that are going to be operating in Argentina need to take care to plan their business carefully and conduct their operations to minimize taxes to the extent legally possible.

Taxes are assessed on federal, provincial, and municipal levels. This article lists each tax in brief and subsequent articles will analyze each tax individually.

Federal Taxes

• Income Tax (impuesto a las ganancias)
  
• Alternative Minimum Tax (impuesto a las ganancias presuntas)
  
• VAT (impuesto al valor agregado or IVA)
• Social Security Taxes (cargas sociales)
  
• Bank Account Tax (impuesto sobre los débitos y créditos bancarios)
• Asset Taxes (impuesto sobre los bienes personales)
  
• Excise Taxes (impuestos internos)
  
• Import/Export Tariffs (derechos de importación / exportación)
• Property Transfer Taxes (impuesto a la transferencia de inmuebles)
  
• Single Tax Scheme (monotributo)
• Self Employment Tax (autónomos)
  

Provincial Taxes

• Sales Tax (impusto sobre los ingresos brutos)
• Property, Land, and Car Taxes (impuesto inmobiliario, patentes)
• Stamp Taxes (impuesto a los sellos)

Municipal Taxes

• Retributive Taxes For Services Provided (tasas retributivas por servicios)
• Property Taxes (Alumbrado Barrido y Limpieza or ABL)
  

It is likely that I am omitting taxes that I am not aware of, but these are the taxes I am aware of at the time of this writing. I will attempt to explain each one in detail in future posts, although it will take some time to get to every one.

The Tax System in Argentina