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New corporate income tax rates in Argentina

by | Jun 21, 2021

By Law 27,630 (published in the Official Gazette on 16 June 2021), for fiscal years beginning on or after 1 January 2021, inclusive, the corporate income tax rates in Argentina are the following:

Net accumulated taxable income in Argentine Pesos (AR$)

     

Over AR$

To AR$

Tax due

Additional rate

Over the excess of AR$

0

5,000,000

0

25%

0

5,000,000

50,000,000

1,250,000

30%

5,000,000

50,000,000

 

14,750,000

35%

50,000,000

In turn, dividend distributions are taxed at a rate of 7%.

The amounts set forth in the above scale shall be adjusted yearly, as of January 1, 2022, considering the annual variation of the Consumer Price Index provided by the National Institute of Statistics and Censuses. The new figures will be applicable for fiscal years beginning after each adjustment.

 

Mario E. Castro Sammartino

For additional information on these or any other issues related to doing business in Argentina, please, sign up for our Legal Blog or contact us at any time. Our publications exclusively express the author´s opinion and do not purport to be legal counsel on any case. Should you need it, you must consult with your trusted lawyer.

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