top of page

Argentina

Delivery:

Price: $

Payment methods:

payment methods.webp
UK comapny formation (1).webp

About

Argentina

Capital
Official languages
Population 
Currency

ISO 4217

Buenos Aires

Spanish

44,293,293 (as of 2019)

Argentine Peso

ARS

Document checklist:

Process

Economy

"Argentina's economy has been struggling in recent years, with the country's GDP declining by 2.5% in 2019. This was due to a combination of factors, including a weak currency, high inflation, and a lack of investment. The country's unemployment rate also rose to 10.1% in 2019, up from 8.9% in 2018.

The country's public debt has also been increasing, reaching a record high of $323 billion in 2019. This is due to the government's reliance on borrowing to finance its budget deficit.

Despite these challenges, Argentina has seen some positive economic developments in recent years. The country's exports have grown by 8.2% in 2019, driven by increased demand for agricultural products. This has helped to boost the country's foreign exchange reserves, which now stand at $60.5 billion.

In addition, the government has implemented a number of reforms to improve the country's business environment. These include reducing the corporate tax rate from 35% to 25%, and introducing a new tax on digital services.

Overall, Argentina's economy is facing a number of challenges, but there are some positive signs of progress. With the right policies in place, the country could see a return to economic growth in the near future.

Sources:

1. https://www.worldbank.org/en/country/argentina/overview
2. https://www.imf.org/en/Countries/ARG
3. https://www.tradingeconomics.com/argentina/unemployment-rate"

Taxation

In Argentina, the tax system includes federal and provincial taxes, and both corporate and personal income are subject to taxation. The tax year runs from January 1st to December 31st.


Corporate taxation:

- Corporate income tax (CIT) is levied at a rate of 30% on the taxable income of resident companies.

- Non-resident companies are subject to CIT on their Argentine-source income at a rate of 35%.

- VAT is charged at a standard rate of 21% on the supply of goods and services.

- Stamp duty is levied on contracts and documents at rates that vary depending on the type of document.


Personal taxation:

- Personal income tax (PIT) is levied on the worldwide income of residents and on Argentine-source income of non-residents. The PIT rates are progressive and range from 5% to 35%.

- Social security contributions are also payable on employment income at a rate of 17% for employees and 23% for employers.


Tax payments:

- Companies are required to make monthly CIT payments based on their estimated taxable income for the year.

- VAT is payable monthly, and returns must be filed on a monthly basis.

- PIT is generally withheld by employers on a monthly basis and paid over to the tax authorities.

- The tax year-end is December 31st, and tax returns must be filed by April 30th of the following year.


It is advisable to seek professional advice from a local accountant or tax advisor to ensure compliance with the tax requirements in Argentina.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

Submit ✉

Your inquiry has been submitted. Thank You!

We will contact you shortly…

PDF application form

B2B hub provides fillable PDF application forms, you can simply save the filled form and send us by email clicking here  reg@b2bhub.uk or live chat

bottom of page