Individuals resident in Argentina are taxable on worldwide income and may obtain a foreign tax credit for taxes paid on income from foreign sources.
Non-residents and foreign beneficiaries are only taxable on their Argentine-source income.
Residents and non-residents are taxed at progressive income tax rates ranging from 5% to 35%; however, special tax rates are applicable in case of gains derived from securities (including dividends), interest, and real estate property.
Personal income tax (PIT) rates
The following PIT rates are applicable as of 1 January 2023 :
|Taxable income (ARS)||Tax on column 1 (ARS)||Tax on excess (%)|
|Over (column 1)||Not over|
Gross income tax
Gross income tax is a provincial tax applicable to self-employed individuals on gross earnings. The average tax rate is 4% in the Federal Capital (the City of Buenos Aires), and similar rates are applicable in the different provinces. Professionals who do not perform their activity in the form of a company are exempt from the gross income tax in the City of Buenos Aires. The tax is paid by filing monthly tax returns.
Foreign beneficiary tax
Foreign beneficiaries working temporarily in Argentina for no more than six months during the year, who earn income through either the visual or performing arts or other profession, are subject to income tax on these earnings at the rate of 24.5% (35% on assumed profit of 70% of gross income) to be withheld by the local payer. Other tax rates could apply depending on the type of income to be paid.