Other Taxes in Argentina

Information on the other taxes due by residents in Argentina, including stamp duty, real estate taxes, export taxes and excise taxes...

Stamp Tax

Stamp tax is levied on the formal execution of public or private instruments. It is payable in the jurisdiction in which the economic transaction is instrumented but it may also be applicable in the one it has effects.

Documents subject to this tax include, among others, all types of contracts, notarial deeds, receipted invoices confirmed by a debtor, promissory notes and negotiable instruments. In general, the taxable basis is the economic value of the agreement.

The generally applicable rate is one percent, although it can vary depending on the type of deed and on the legislation of the jurisdiction imposing this tax. An exception to the rate is, among others, real estate sales, on which the rate can be 2.5 percent.

Law 2997 of the City of Buenos Aires, published January 9, 2009, provided for the generalization of stamp tax (up to December 13, 2008, it was only applied to deed transfers for real property and certain real property lease contracts.)

Real Estate Taxes

Local governments assess the value of local real estate and levy a progressive real estate tax on the assessed values. The progressive rates run from 0.2 percent to 1.5 percent. Based on those valuations, the municipality applies rates of 0.55 percent for lighting, sweeping and cleaning services and 0.02 percent for pavement and sidewalk maintenance.

Excise Tax

Excise tax is applied by the federal government on the sale, transfer or importation of specific products, based in general on the invoice value. The principal items subject to this tax are tobacco and tobacco products, alcoholic beverages, soft drink concentrates and soft drinks, diesel engines and cars, cellular phone services, electronic products and insurance premiums. This tax does not apply to exported items.

Excise tax rates range depending on the item.

Export Taxes

Since March 2002, the Argentinian government has resolved to impose duties on the exportation of all types of goods. The applicable rates vary depending on the type of goods from 5% to 45% depending on the type of product.

Information provided by KPMG Contact Lucio Giaimo, e-mail, Tel: (011) 4316-5805