Argentina is located in the southern part of South America and has a territory of 2,780,440 square kilometers. Argentina borders Bolivia, Paraguay, Brazil, Uruguay and has access to the Atlantic Ocean and to the Drake Passage. The capital city of Argentina is Buenos Aires, the largest city and the location of key government institutions. Argentina has a population of 47,4 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - from 25% up to 35%. Tax returns are filed on an annual basis. Advance income tax payments are made in 10 installments on a monthly basis
- Dividend withholding tax - from 0% up to 35%
- Interest withholding tax - from 15.05% up to 35%
- Royalties withholding tax - from 21% up to 31.5%
- Capital gains tax - from 0% up to 35%
- VAT - Standard tax rate 21% or the increased rate of 27% or reduced rates of 0% and 10.5% or tax exempt .Tax returns are filed on a monthly basis
- Personal income tax - from 5% up to 35%.
The following are the most common types of companies to incorporate a company in Argentina as:
- Limited liability company (Sociedad de Responsabilidad Limitada - SRL)
- Public limited company (Sociedad Anónima - S.A.)
- General partnership (Sociedad Colectiva - S.C.)
- Limited partnership (Sociedad en Comandita Simple - S. en C.S.)
- Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
- Simplified Corporation (Sociedad por Acciones Simplificada - S.A.S)
- Branch office (Sucursal).
Official currency of Argentina is Argentine peso (ARS).
The economy of Argentina has ample natural resources, a diversified industrial base, an export oriented agriculture. The economy of Argentina is 2nd largest in South America.
The GDP of Argentina grew by 10.3% in 2021 and amounted to USD 491.5 billion. Tertiary sector makes up almost 55% of the GDP of the country, followed by industry sector at 23% and agriculture at 6%.
In terms of foreign trade, the largest exports of the country are cereals, maize, corn, wheat, soya beans and soya bean oil and its fractions, animal and vegetable fats and oils, fruits, meat, fish mineral fuels and mineral oils, precious stones, motor vehicles for the transport of goods, gold.
Imports of Argentina consist of energy, petroleum oils, natural gas, electrical machinery and equipment, cars and vehicles, transmission apparatus, electric conductors, consumer goods, medicaments, organic chemicals, medical equipment.
Primary trading partners of Argentina are Brazil, Chile, Peru, Bolivia, Paraguay, Mexico, USA, China, Germany, Thailand, Vietnam, India, Indonesia, Netherlands, Egypt, Italy.