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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...

Key Import and Export Requirements and Taxes in Argentina

Key Import and Export Requirements and Taxes in Argentina

The trading opportunities in Argentina are large and lucrative. The distinct geographical landscapes and range of strong national sectors provide companies with a varied range of potential business ventures. There are many rapidly expanding sectors such as the renewable energy sector that will provide significant investment opportunities for foreign businesses. Hence why forming a company in Argentina is becoming increasingly popular. The current trading environment in Argentina has been made a lot easier with the government’s decision to encourage Foreign Direct Investment (FDI). The government does not see a difference between foreign investors and domestic investors - ie. they are treated as equals when investing. There are also several investment incentives and trade benefits to encourage greater FDI. Import and Export - International Trade in Argentina Argentina’s main imports include vehicles, machinery, electrical machinery and equipment, petroleum and natural gas, organic chemicals and plastics. Argentina’s top four import partners are Brazil, China, the EU, and the US. Argentina’s main exports include animal feed, cereals, motor vehicles and parts, petroleum and gas, and soybeans. Argentina’s top four export partners are Brazil, the EU, the US, and China. Not only is there an abundance of trade opportunities in Argentina but there are also numerous benefits for businesses. Benefits of Trading in Argentina Firstly, Argentina is one of the founding members of the Association for Latin American Integration (ALADI). This association is working towards establishing a...

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