Taxation in Argentina

Income tax in Argentina is collected solely by the Government of Argentina, to the exclusion of the Provinces of Argentina. Argentina uses a system of progressive taxation on personal income that is collected as a deferred tax, a flat rate tax on business income (company tax, 35%), and a property tax limited to realised capital gains. Argentina’s income tax system contains a complex array of deductions and offsets, and is administered by the Administración Federal de Ingresos Públicos (AFIP).

In 2005, the wealth tax (0.5%), value-added tax (21%; up from 18% in 1994), and excise taxes on tobacco, alcohol, soft drinks, perfumes, jewelry, precious stones, automobile tires, insurance policies, gasoline, lubricating oils, and other items. There is no inheritance tax. Corporate taxes are levied at 35% for domestic and foreign companies. Provincial and municipal governments impose various taxes.