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Social security tax
Are there social security/social insurance taxes in Argentina? If so, what are the rates for employers and employees?
Employer and employee Argentine nationals and expatriates working in Argentina are subject to social security contributions. Currently, the employees’ social taxes rate is 17 percent of their gross wages. Note that the employee’s contributions do have a monthly cap amount of ARS19,070.582. As regards employers’ social tax rates, they are equal to 23 percent* or 27 percent**, depending on the activity and gross annual income. Employers’ contributions are not capped. In accordance with the laws currently in force, the employee’s cap is updated every March and September. In addition to social security treaties, Argentine legislation contemplates other situations of exemption in the payment of Social Security that should be evaluated.
Gift, wealth, estate, and/or inheritance tax
Are there any gift, wealth, estate, and/or inheritance taxes in Argentina?
Wealth Tax – Domiciled in Argentina as of 31 December The wealth tax is levied on the worldwide assets that individuals domiciled in Argentina hold at the end of the year. Tax rates vary from 0.5 percent to 1.25 percent. If the total amount of assets, valued according to the Wealth Tax Law, does not surpass the amount of ARS305,000, no wealth tax will apply. Foreign individuals whose presence in Argentina is based on an employment relationship duly proved and which requires their permanency in Argentina for a period not exceeding five years, are subject to this tax only on assets located in the country, valued according to the law. As regards employees, if the annual gross compensation surpasses the amount of ARS96,000, their assets valued according to the law are lower than ARS305,000 and they are not registered under the wealth tax, they have to file an informative wealth tax return which due date operates on June 30. Wealth Tax – Domiciled abroad as of 31 December Argentina imposes a wealth tax with a 1.25 percent tax rate on assets held in Argentina at the end of the year by individuals domiciled abroad with a non-taxable minimum of ARS20,460. Inheritance/gift taxes There are no national inheritance and gift taxes in Argentina. There is an inheritance tax in Buenos Aires province.
Real estate tax
Are there real estate taxes in Argentina?
Yes, each province applies its own real estate tax.
Are there sales and/or value-added taxes in Argentina?
Yes, all sales and services are subject to VAT at 21 percent. (10.5 percent in certain cases).
Are there unemployment taxes in Argentina?
They are included in the employer´s social security contributions.
Are there additional taxes in Argentina that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.
There is a stamp tax which varies from one jurisdiction (provinces) to another.
Refer to Real Estate Tax.
Under the concept of “payroll tax” we can include the social security contributions mentioned above, payments to the Labor Risks Insurance Companies (ART) and the union payments – depending on the Bargaining Agreement the company applies.
Double taxation treaties
The following countries have a double taxation treaty with Argentina:
Argentina has concluded social security totalization agreements with the following countries:
MERCOSUR (Brazil, Paraguay and Uruguay)
The proven Buenos Aires – Argentina lawyer professionals at the Kier Joffe law firm have experience working with foreign clients involved in all kind of cases in Argentina. Buenos Aires Argentina attorney professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Buenos Aires lawyer in Argentina.