iCalculator™ AR: Argentina Tax Calculators
Welcome to iCalculator™ AR, your comprehensive suite of free tax calculators for Argentina. iCalculator™ has provided free tax calculators for Argentina since 2019. Since those early days we have extended our resources for Argentina to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Argentina Tax Calculator and salary calculators within our Argentina tax section are based on the latest tax rates published by the Tax Administration in Argentina. In this dedicated Tax Portal for Argentina you can access:
Argentina Tax Calculator 2024/25
The Argentina Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Argentina. This includes calculations for
- Employees in Argentina to calculate their annual salary after tax.
- Employers to calculate their cost of employment for their employees in Argentina.
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Discover Argentina
Argentina, the second-largest country in South America, is situated in the southern part of the continent, stretching from the Tropic of Capricorn in the north to the edge of Antarctica in the south. It shares borders with five countries: to the north, it is bordered by Bolivia and Paraguay; to the east, it has a border with Brazil and Uruguay; and to the west, it is adjacent to Chile. The eastern edge of Argentina is lined by the Atlantic Ocean, providing it with a significant coastline that influences its climate and economy.
Argentina is renowned for its rich cultural heritage, which is a blend of indigenous and European influences, mainly Spanish due to its colonial past. This cultural mix is evident in its cuisine, music, and dance, with Tango being a world-famous Argentinean dance. The country is also known for its diverse landscapes, ranging from the lush Pampas grasslands, where the iconic cattle ranches (estancias) are found, to the rugged Andes mountains in the west, and the subpolar forests in the south.
Economically, Argentina is a country with abundant natural resources, and its economy is predominantly based on agriculture, mining, and manufacturing sectors. It is one of the world's largest producers of soybeans, corn, and wheat, which are significant exports. The Argentinean beef industry is also globally recognized. In addition to these, the country has a substantial mining sector, with significant production of copper, gold, and lithium. Argentina's industrial sector is diverse, including automobile manufacturing, textiles, and a growing technology sector. Tourism also contributes significantly to the economy, drawing visitors to its various natural and cultural attractions.
However, Argentina's economy has faced challenges, including inflation and currency devaluation. Despite these issues, the country continues to be an important player in the global market, especially in agricultural exports. The government's efforts to stabilize the economy and foster growth have been a key focus in recent years.
Overview of Taxation in Argentina
Argentina's taxation system is multifaceted, encompassing a variety of taxes applicable to both individuals and businesses. The country's tax structure is administered by the Federal Administration of Public Revenue (Administración Federal de Ingresos Públicos, AFIP), which oversees tax collection, compliance, and enforcement.
Income Tax: One of the primary taxes in Argentina is the Income Tax, which applies to the global income of residents and Argentine-sourced income for non-residents. This tax covers earnings from employment, business, and investments. Compliance involves annual declarations, and the tax rate is progressive, based on the income level.
Value-Added Tax (VAT): VAT in Argentina is a broad-based tax applied to the sale of goods, provision of services, and imports. The standard VAT rate is applied to most transactions, with certain essential goods and services attracting a lower rate or exempted altogether. Businesses must regularly file VAT returns, and meticulous record-keeping is crucial for compliance.
Corporate Tax: Companies operating in Argentina are subject to Corporate Tax on their worldwide profits if they are domiciled in the country. Foreign companies are taxed on their Argentine-source income. Corporate tax compliance includes regular filing of tax returns and adherence to transfer pricing rules, especially for multinational companies.
Social Security Contributions: Employers and employees in Argentina are required to make social security contributions, which fund various social welfare programs. These contributions are a significant part of the payroll taxes and are calculated as a percentage of the employee's salary.
Property Tax: Property Tax is levied by provincial governments and is applicable to the ownership of real estate. The tax rate and compliance requirements vary by province, with periodic declarations and payments typically required.
Other Taxes: Argentina also imposes several other taxes, such as the Wealth Tax, Export and Import Duties, Stamp Tax, and specific taxes on certain industries like oil and gas. Each of these taxes has its own compliance requirements and rates.
In conclusion, the Argentine tax system is complex, with various tax types and compliance obligations for both individuals and businesses. Navigating this system often requires a thorough understanding of the local taxation laws and may necessitate professional assistance for compliance and optimal tax planning.