Tax
AFIP administers income tax, VAT at 21 percent and the monotributo
The Administración Federal de Ingresos Públicos (AFIP) collects federal taxes. Corporate income tax is graduated in brackets up to 35 percent, and VAT (IVA) has a general rate of 21 percent with a reduced 10.5 percent rate. Small taxpayers can elect the monotributo, a single simplified payment replacing income tax, VAT and social security contributions.
Key rules
- Jurisdiction — Federal, with provincial gross-receipts and municipal taxes in addition
- Deadline — Corporate returns: within five months of financial year end
- Deadline — VAT: monthly
- Deadline — Monotributo: monthly fixed payment with periodic recategorisation
Governing law
- Ley 20.628 - Impuesto a las Ganancias
- Ley 23.349 - Impuesto al Valor Agregado
- Ley 24.977 - Régimen SimplificadoMonotributo
In practice
Provinces levy their own turnover tax (ingresos brutos) on gross receipts, and municipalities add further levies, so the effective burden on a business is federal plus provincial plus municipal. The monotributo is a significant feature of the Argentine economy, covering a large share of independent workers and small traders with a single monthly payment tied to a revenue category.