Argentina

Changes to income tax

For fiscal year (FY) 2024, the government established by Law a new ’cedular regime‘ that was applied on the ’highest incomes‘.This new regime was applicable from January to June 2024. From July 2024 onwards, the ’cedular regime‘ was repealed by the government, and the income tax withholding mechanism that was in force up to September 2023 was reimplemented and updated (annual taxable income 35% tax rate over 41,316,075 Argentine pesos [ARS] after available deductions was reinstated).

For fiscal year 2025 the annual taxable income 35% tax rate over 53,153,257 Argentine pesos (ARS) after available deductions is applicable. This amount is being updated in July 2025.

Modifications in 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.