Tax Planning in Argentina

Tax optimization in a company can only be achieved with the help ofArgentinian tax planning specialists. Only a local tax expert can keep track of changing legislation in order to offer the best methods to pay less tax. In our article below, you can find information about tax planning in a company and available ways to do it, even before opening your company in Argentina (one of our main specializations).

What is the extraordinary new CIT prepayment in Argentina?

General Resolution 5391/2023 allows extraordinary CIT (Corporate Income Tax) prepayment for certain types of companies, respecting these conditions:

• The reported taxable income for the fiscal year 2022 (or 2023) is at least ARS 600 million, preceding the use of the current net operating loss.
• A 15% tax rate over the informed taxable income is applied when calculating the extraordinary prepayment.
• The payment of extraordinary prepayment can be made in 3 equal installments.
• Companies that offer insurance and/or financial intermediation services in Argentina can apply for the extraordinary new CIT. This is also the case for payment service providers registered with the Central Bank of Argentina.

This can be a solution part of tax planning for companies in Argentina. As this was a one-off 2023 measure (payable in 2023-2024) that no longer applies, it is good for company owners to get an idea about it, calling on the services of our company formation agents in Argentina.

The need for tax planning in the company from Argentina

Tax planning involves customized strategies for each company, in order to reduce the amount of taxes and improve profitability in the firm. With the help of a specialist in the field, you can establish tax planning for a company in Argentina, respecting local and foreign regulations. Besides, a good tax advisor will know what strategies to propose and implement in a company with activities in Argentina.

How can tax planning be done in Argentina?

When you want to set up a company in Argentina, it is good to know the tax planning methods that might suit the company. You can thus be better organized from this point of view and pay less taxes in the company. Here are other methods that can be implemented as tax planning in Argentina:

• The double tax treaties signed with Argentina can be great solutions in cutting taxes in the firm.
  Varied financial instruments that might bring tax benefits to the firm.
• Paying credits in advance.
• Other tax planning transactions agreed in Argentina and can be implemented in firms established here.

We remind you of the support provided by our local tax advisors in this matter, quite useful in company incorporation in Argentina.

Some of the most important taxes in Argentina

Here are some of the essential taxes in Argentina:

• The corporate tax – Ranging from 25% to 35%, depending on the income.
• VAT – 21% standard rate. However, the 27% VAT rate applies to specific products and services.
• Gross Income Tax – Ranging from 3% to 5% and imposed on gross revenues from the sale of products and services in Argentina.

Interested in tax planning in Argentina? Our company formation agents in Argentina are here to provide assistance and detailed information. Our services are personalized and for every budget, including for company formation in Argentina, so do not hesitate to contact us.