Argentina

Overview

Last reviewed - 22 September 2023

The Republic of Argentina is located in South America, approximately between latitudes 23°S (Tropic of Capricorn) and 55°S (Cape Horn). The Andes separates the country from Chile in the west, and it borders Bolivia and Paraguay in the north and Brazil, Uruguay, and the South Atlantic Ocean to the east.

Argentina's population and culture were heavily shaped by immigrants from all over Europe, but particularly from Italy and Spain, which provided the largest percentage of newcomers from 1860 to 1930. The Republic of Argentina is made up of 23 provinces plus the Autonomous City of Buenos Aires, its capital. The official language of Argentina is Spanish, and the currency is the peso (ARS). Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base.

During Mauricio Macri´s presidency, the country returned to the international stage, and in 2018 Argentina chaired the G20, which is a key international forum with other countries for discussing and decision making on adopting concrete solutions for the chief challenges of the global
agenda. However, in the last two years of his administration (2018-2019), the country went into a recession. In December 2019, Alberto Fernández took office as Argentina´snew president. Thus, after the sharp decline in the world´s economy in 2020, 2021 was expected to be a year of recovery. Although the economy expanded in 2022, a number of macroeconomic imbalances continued to have an impact on the country. In 2023, there will be presidential elections, and the incoming administration will need to resolve them.

PwC Argentina has a staff of more than 4,000 professionals, made up of accountants, lawyers, graduates in economics, and international trade management. PwC provides a multidisciplinary and coordinated approach to create integrated solutions tailored to the client’s needs.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)	35

Corporate income tax (CIT) due dates
CIT return due date	Second week of fifth month after the fiscal year ends.
CIT final payment due date	Instalment payments must be made on a monthly basis, beginning in the first month after the due date of filing of the tax returns. Any payable balance resulting from the annual income tax return must be paid not later than the due date established for filing the return.
CIT estimated payment due dates	Monthly instalments.

Personal income tax (PIT) rates
Headline PIT rate (%)	35

Personal income tax (PIT) due dates
PIT return due date	10 June (aprox)
PIT final payment due date	The day following the tax return filing due date.
PIT estimated payment due dates	10 June (aprox)

Value-added tax (VAT) rates
Standard VAT rate (%)	21

Withholding tax (WHT) rates
WHT rates (%) (Dividends/Interest/Royalties)	Registered taxpayer: Resident: 0 or 7 / 6 / 6; Non-resident: 7 / 0, 15.05, or 35 / 21 or 28; Non-registered taxpayer: Resident: 0 or 7 / 28 / 28; Non-resident: 7 / 0, 15.05, or 35 / 21 or 28

Withholding tax (WHT) rates

WHT rates (%) (Dividends/Interest/Royalties)

Registered taxpayer:

Resident: 0 or 7 / 6 / 6;

Non-resident: 7 / 0, 15.05, or 35 / 21 or 28;

Non-registered taxpayer:

Resident: 0 or 7 / 28 / 28;

Non-resident: 7 / 0, 15.05, or 35 / 21 or 28