Income Tax – Buenos Aires
In Argentina, it is not left up to the individual to file their own taxes. Rather, it is the employer’s responsibility to not only prepare the taxes but to also pay (out of your salary) anything due at the end of the year automatically. Because of this, if you don’t work for an Argentine company, you won’t be paying income tax in this country. Residents pay an income tax on a sliding scale of 9-35% of their annual net income.
Argentina has no double taxation agreements with other countries, but as a foreigner, if you are earning money from a country other than Argentina, you aren’t subject to paying any income taxes on that income. You will, however, automatically pay the 21% VAT tax on goods and services. Be sure to check with your home country to verify the tax ramifications of working in Argentina.
Taxes are paid once a year, at the end of the calendar year, and are due on or by December 31.
Argentine residents are liable for income tax based on a sliding scale. Employees will have 15% of their salary deducted for social security and health care. General deductions, which are non-taxable, are $5,782 per month for single employees and $7,998 per month for employees married with at least two children.
After these subtractions, the remaining annual balance is taxable on a progressive scale, based on the following brackets (in pesos):
- from $0 to 10,000: 9%,
- from $10,001 to 20,000: 14%,
- from $20,001 to 30,000: 19%,
- from $30,001 to 60,000: 23%,
- from $60,001 to 90,000: 27%,
- from $90,001 to 120,000: 31%,
- beyond $120,001: 35%.
