Argentina

Argentina implements selected tax amendments for individuals regarding income tax

Argentina enacted a package of tax measures that introduces Income Tax amendments (with several changes effective in 2025–2026), among others.

1) Exemption for individual taxpayers’ term deposits is broadened (effective for fiscal years beginning on/after January 1, 2026)

The reform modifies the exemption rule for certain income from deposits by replacing the reference to term deposits “in local currency” with “term deposits”, extending the exemption to foreign denominated ones.

2) Housing/real estate-related exemptions for individuals is expanded (effective for fiscal years beginning on/after January 1, 2026)

The reform updates existing exemptions for individuals, now covering:

• The notional rental value of an owner-occupied home, and
• Income derived from leasing residential (non-commercial) property.

In addition, the reform provides that the gain on the sale of real estate (and transfer of rights over real estate) will be exempt for transfers occurring on or after January 1, 2026.

3) Tax residence clarification for individuals obtaining citizenship by investment

Foreign individuals who obtain Argentine citizenship by naturalization due to relevant investments (under the Citizenship Law) will not be treated as Argentine tax residents solely as a result of such naturalization. Indeed, they will be considered as foreign national for Individual Income Tax purposes and general residency rules will apply to them. 

Tax on personal assets (wealth tax)

In June 2024, Argentina’s Congress approved Law 27.743 and introduced new modifications to wealth tax.  Updated deductions and scales were settled for fiscal year 2023 and onwards. A new Special Advance Payment Regime (Régimen especial de Ingreso del Impuesto sobre los Bienes Personales or REIBP) was implemented, offering taxpayers in Argentina an opportunity to simplify their tax obligations while securing fiscal stability. This voluntary program is tailored to individuals and undivided estates who were Argentine tax residents as of 31 December 2023. Non-residents with a local representative may also participate. The regime allows taxpayers to make one advance payment and avoid future tax return filings and tax payments until fiscal period 2027.

See the Other taxes section for rates applicable.