Argentina- Tag Archives - Business News and Updates


Find the latest Legal updates and changes, industry reviews, regulatory updates, expert legal and accounting advice, Q&A with experts, and much more content.

Overview of Argentina’s Corporate Tax Rate

Overview of Argentina’s Corporate Tax Rate

Argentina's corporate tax rate is calculated according to a number of factors related to your commercial activity and geographic location, both inside and outside the South American nation. If you are considering company incorporation in Argentina, you will need to understand the corporate tax regime you will be dealing with, in order to maximize your potential benefits in Latin America's third-largest economy by GDP. Argentina's Corporate Tax Rate National Argentina's corporate tax rate is handled by the Federal Administration for Public Revenue (AFIP). Among its responsibilities, the entity handles: Registration of Tax ID for physical persons and legal entitiesDetermination process for national taxesFiling of tax returnsThe imposition of fines and penalties Management of the appeals process related to taxes Municipal Provincial and municipal administrations levy turnover tax, real estate tax, stamp duty, vehicle tax, and tax on public advertising. The local tax entity for the capital city of Buenos Aires is the “Government Administration for Public Revenue" (AGIP). General Compliance Requirements National tax ID registry Entities seeking to operate in Argentina must apply to the AFIP for a "Single Tax Identification Number," or CUIT (pronounced "coo-it"). This will be the reference for both national and municipal taxes. Return filing National Taxes are filed online through the AFIP website. Municipal Taxes are filed before the municipal tax authority. That is the the AGIP for entities operating in Buenos Aires and varies by region outside. Imports/ Exports...

Support Your Business With Outsourced Corporate Secretarial Services in Argentina

Support Your Business With Outsourced Corporate Secretarial Services in Argentina

When establishing a new company in Argentina it is vital to comply with the requirements of both international and local law. Particularly, when restructuring your business in the country. Foreign executives must engage with a local partner in Argentina to ensure a positive reputation and remain in good standing with local authorities. Learn about the benefits of outsourcing corporate secretarial services in Argentina. Corporate compliance challenges in Argentina Outsourcing corporate secretarial services when doing business in Argentina can help you reduce administrative burdens and costs. Continuous changes in the legal environment have created an unprecedented need for companies to implement rigorous internal controls and ensure effective management. This has become one of the key challenges facing multinational corporations.  Bussines owners must understand the changes in the legislative requirements related to their company. Subcontracted corporate secretarial services can help establish strong corporate governance practices and procedures. It also provides expertise to ensure that documentation and processes are in line with local regulations. Establishing new operations in a country like Argentina might be challenging. Especially, when it comes to new tax regulations, adapting to new business culture, and hiring the right staff.  This can be time-consuming and complicated. For these reasons, it is crucial to work with a trusted local partner to ensure that your business meets local and international requirements. Outsourcing corporate secretarial services in...

Manage Your Business Risks with Due Diligence in Argentina

Manage Your Business Risks with Due Diligence in Argentina

Going through a process of due diligence in Argentina is the best way to identify and reduce the risks of expanding your business. It can enhance the growth of your company, encouraging trust and credibility within joint venture partners and distributors. Find out how due diligence can guarantee your business’s success through multiples services in the areas of investigation, hiring staff, corporate intelligence, risk management, and IT security.  What is due diligence? Due diligence evaluates the risks and opportunities of the potential business to be acquired or invested. Due diligence is an audit of a company carried out by an external consultant to identify risks in the seller's business. In other words, it consists of a process of research, compilation and analysis of information, which as a result generates a report with recommendations on the risks and opportunities of the potential business. Professional due diligence also provides you with accurate conclusions on the state of the company's patrimonial, financial, legal, labour, and fiscal situation. In some cases, it can also provide a quantification of potential risks and contingencies. How to start a due diligence process on the right foot? To start a due diligence process in Argentina, it is essential to guarantee the flow of information to reduce risks. The goal is to make the final report as transparent and clear as possible, which is difficult if internal or external information is not available in advance. In order to manage your business risks you may need to answer questions like: What is the security...

Explaining Developments in Digital Tax in Latin America

Explaining Developments in Digital Tax in Latin America

Economies in Latin America are changing rapidly. One important regulatory development for many countries in the region is digital tax, because it captures services delivered online or electronically. The OECD claims that Latin American economies are making real progress to address the tax challenges arising from the digitization of the economy. This international entity also expects that further digital tax developments in Latin America provides stability and certainty in the international tax system.  Managing your company while keeping a careful watch over new regulations is one of the challenges to overcome while doing business in Latin America.  We provide an explanation of digital tax developments in several emerging and developing economies in Latin America, so your business understands its obligations when offering digital services in these markets. Digital tax developments in Argentina  Latin American countries are adapting to a new digital age with the establishment of digital services taxes across the region. The Argentine government levied taxes for digital services under law 27,430 and on a general basis. This regulation includes services carried out through the Internet network or any adaptation or applications, platforms or technology used by the Internet or other networks through which equivalent services are provided. By their nature, these services are basically automated and require minimal human intervention, regardless of the device used for its download, display or use. The regulation of digital services in Argentina has been in place since 27...

What is the Nature of Canada-Latin America Relations?

What is the Nature of Canada-Latin America Relations?

Canadian companies looking to expanding their businesses should consider the opportunities available to them through strengthening Canada-Latin America relations. This means they ought to think about the commercial and bilateral trade and opportunities and agreements granted by the developing relationships between Canada and key Latin American markets. Canada-Latin America trade relations have been interlocked for many years and continue to promote and support each other in economic, social and political endeavours. Free Trade Agreements (FTAs) have allowed the globalized north and south to strengthen their access to each other’s markets abroad and important benefits. BizLatin Hub provides an extensive comprehension of commercial and trade relations between Canada and Latin America. Continue reading to understand further about how BizLatin Hub can help your business expand into Canada or Latin America. The core of Canada-Latin America trade and commercial relations  NAFTA has enabled Canada to sign trade agreements with nations in the region. The foundations for trade and commercial relations between Canada and Latin America were laid down for hundreds of years. However, these relations intensified when the North America Free Trade Agreement was signed in 1992 and then later came into force in 1994. The North American Free Trade Agreement (NAFTA) links Canada’s economy to the rest of the Americas like never before.  NAFTA is defined as a free-trade region between the United States, Latin America, and Canada. The establishment of NAFTA has enabled Canada to sign trade...

Latest Developments in MERCOSUR Trade Deals and Negotiations

Latest Developments in MERCOSUR Trade Deals and Negotiations

The Southern Common Market (MERCOSUR) brings new trade deals and negotiations to its participating countries Argentina, Brazil, Paraguay, and Uruguay. Its goal is to generate business and investment opportunities. It has driven agreements with other countries, and the so-called Associated States, which lead to meetings and activities between those South American countries. on top of that, MERCOSUR has also brought commercial and political partnerships with countries all over the world. We point out the trade deals and negotiations that MERCOSUR member countries have set and how buinesses in MERCOSUR member countries can benefit from them.  Formal trade agreements between MERCOSUR countries Argentina-Paraguay deal supports automotive sectors In October 2019, the governments of Paraguay and Argentina signed a bilateral free trade agreement for the automotive sector, which provides for the tariff reduction for all cars that Argentina exports to Paraguay. Trade brings in new automotive products produced in the territory of both countries benefit from a 100% preference, with the exception of passenger cars and cars designed for the transport of people, to which a reduction schedule will be applied annually and automatically as follows:  The Ministries of Finance for Argentina and Paraguay signed a Memorandum of Understanding on bilateral cooperation in fiscal, economic, and integration policies to favor the creation of joint work mechanisms. 2019: 25% 2020: 50%2021: 75% 2022: 100%. The total market for new cars sold per year in Paraguay is 40,000 units....

How to Hire Staff in Argentina Without a Local Entity

How to Hire Staff in Argentina Without a Local Entity

If you want to hire staff in Argentina but do not have a local legal entity, a Professional Employer Organization is the best alternative to support your expansion. Argentina is the eighth-largest country in the world with a highly productive economy, liberal trade policies, abundant energy resources and a wide range of industrial sectors. Several policies and agreements have been created to stimulate foreign investment and business activity, which added to the many reasons to do business in Argentina. Recruitment opportunities are increasingly attractive to foreign companies: the population is highly educated, with a literacy rate of 98%. Many citizens are bilingual, and student enrolment is growing each year. Before establishing a local business or branch in Argentina, many companies like to "test" the local market. A Professional Employer Organization (PEO) solution is an excellent way to do this as it allows companies to hire staff in Argentina without a local legal entity. Hire staff in Argentina through a Professional Employer Organization (PEO) A PEO simplifies the process of hiring staff in Argentina, especially if you do not have a local entity in Argentina. A Professional Employer Organization (PEO), also known as a 'Registered Employer' or 'Employer of Record', is an organization that provides and supports companies with their human resources functions, from the early stages of recruitment to the payment of taxes and benefits. PEOs undertake the fundamental and time-consuming tasks of human resources teams, allowing companies to focus on the growth and success...

Pin It on Pinterest