Argentina’s tax system is complex and constantly changing, but our job is to help you understand it and ensure you comply with local laws and regulations.

We must first register you with Argentina’s tax collection agency (ARCA) and name a member of our team to act as your “Responsible Substitute.” This person will represent you in all dealings with ARCA and be personally responsible for complying with your tax obligations. 

As a non-resident foreign investor, there are two tax returns you may have to file:

   • Personal Assets Tax (“Bienes Personales”)
   • Net Income Tax (“Ganancias”)

By law, these returns must always be prepared and filed – even if you do not reside in Argentina and even if no tax is due.

The legal obligation to file a Personal Assets Tax return begins when you purchase property in Argentina. The law requires that taxpayers declare all real estate investments, including improvements (the planting and maintenance of a vineyard, for example). This also includes assets related to a “productive investment,” such as inventory (grapes and wine) and credits (Net Income Tax withholdings, Net Income Tax credits, etc.).

Your entire investment is taxed at a 0.50% rate, but rural properties like a vineyard are exempt (other assets are not).

Personal Assets Tax is now levied whenever the value of a non-resident investor's assets exceeds $51,200 Argentine pesos. 

If you produce and sell grapes and/or wine, or rent out a residence, an additional tax is levied. This Net Income Tax is a percentage of net profits (the difference between your income from sales/rentals and your deductible expenses).