Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
Any expatriates who work in Argentina shall be subject to Argentina’s tax social security and migration rules and regulations.
With an adequate tax and legal planning of the arrival of foreign executives to your company, you may have the advantage of certain tax opportunities and tax savings.
Grant Thornton Argentina's team of experts in expatriate matters may help you, not only to obtain the relevant authorisations and registrations fast and efficiently, but also to implement the solutions fit for your company and your executives.
Click on each of the areas below to expand for more information:
Expatriates who require a work visa must apply for this before taking up employment in Argentina. It is therefore important that the expatriate’s employment contract and benefit package is structured in a tax efficient way before the expatriate comes to Argentina, to get certain tax benefits.
- Any person who enters the country for purposes other than tourism or recreation requires the corresponding visa.
- On the other hand, the Argentine company must request the corresponding registration with the RENURE (Unique National Registry of Foreign Requirements).
- There are 3 types of residence:
- Transitory residences: work permits, among others
- Temporary residences: residences for work, for transfer of personnel between companies, MERCOSUR Agreement and associates, among others
- Permanent residences: ie. family reunification, due to roots in the country, among others
- The different types of visas generally applicable to those who come to work in the country for a certain period are:
- Transitory residences: Provisions 1170/2010 and 1824/2013 Paid or unpaid tasks, Provision 758/2022 (Law 25,871 Art. 24 Inc. h)
This special temporary residence is recommended for those foreigners who enter the country to carry out paid or unpaid tasks, in the scientific, professional, technical, religious or artistic fields.
- Filing MERCOSUR – Nationality Law (Art. 23 Inc. l)
Applicable to native citizens of Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela, Guyana and Suriname
- Temporary filing by employment contract. Art. 23 Inc. a)
Applicable to those who enter the country to engage in some legal, paid activity, with permission to work in a dependency relationship.
- Transfer Personnel. Art. 23 Inc. e)
Applicable to those who are engaged in scientific, technical, or consulting activities, hired by public or private entities for work in their specialty. Directors, technicians and administrative personnel of public or private entities of a commercial or industrial nature, transferred from abroad to cover specific positions in their companies and that accrue fees or salaries in the Argentine Republic
- Transitory residences: Provisions 1170/2010 and 1824/2013 Paid or unpaid tasks, Provision 758/2022 (Law 25,871 Art. 24 Inc. h)
- The person may be in a dependent relationship with the Argentine company or maintain a dependent relationship with the company of origin
- Although there is the possibility of requesting permanent residence for immigration purposes under certain assumptions, this will result in treatment as a resident for income tax purposes and the non-possibility of applying Art. 4 Law 24,241.
Tax year runs from 1 January to 31 December.
Individuals are taxed at progressive rates according to total taxable income. Rates for the 2022 income tax year are:
|Net income||Will pay|
|More than AR $||
Up to AR $
|Fixed||Variable||On the excess of AR $|
Current Exchange rate is 1USD= $ Ars 138
Subject to any double taxation agreements, Argentinian tax is imposed on assessable income. A resident of Argentina is taxed on worldwide sourced income for the period of residency, whilst non-residents are taxed on Argentinian sourced income only.
Foreign nationals who have obtained the permanent residence for immigration purposes in Argentina as well as those who have stayed in Argentina, with the relevant authorisation, for a period of twelve months are considered Argentine residents.
Temporary absences from the country, insofar as they do not exceed 90 days (consecutive or not) within such 12-month period, shall not be considered to interrupt the continuity of the foreign national’s permanence in Argentina.
Argentine residents must pay tax on their income and assets in Argentina and abroad.
The definition of assessable income for employment purposes includes wages, salaries, bonuses, gratuities, and allowances if these are received as a reward for services. Income tax is withheld by the employer responsible for paying salaries or compensation.
Personal exemptions for dependents and certain non-taxable minimums as set forth in the Income Tax Law may be deducted from the taxable basis.
Any payments in kind and additional benefits granted to employees must be included in the employee’s taxable income for purposes of Income Tax withholdings.
Non Residents with permanent presence in Argentina (NRPP) foreign individuals that come to Argentina for labour reasons, with a temporary visa for a period not exceeding five years will be only taxed on the Argentinean source income on such period.
Argentine sourced income is the one derived from the work performed in Argentina no matter the place in which it is paid (in Argentina or abroad).
In addition, the NRPP will be taxed only on assets located in Argentina as of 31 December of each year.
Argentina tax (given that they are subject to income tax on worldwide sourced income) are given credit for foreign tax paid on foreign-source income subject to some requirements.
The following expenses -among other- shall be tax-deductible for Income Tax purposes:
- Payments made to the pension system and to privately and/or union's health insurance schemes.
- Payments to the self-employed pension scheme, insofar as they have been duly made.
- Life insurance premiums paid (deduction subject to a maximum cap)
- Funeral expenses (deduction subject to a maximum cap)
- Contributions paid to private retirement plans (deduction subject to a maximum cap)
- Voluntary contributions to Pension Fund Managers (deduction subject to a maximum cap)
- Medical fees. It must be noted that the deduction applies to only 40% of such fees up to a maximum of 5% of the employee’s net income levied with tax.
- Rent paid (deduction subject to a maximum cap) only if the person has no other property).
- Payment to domestic employees (deduction subject to a maximum cap).
Withholdings from employment income are covered under the Pay-As-You-Earn (PAYE) system. If an individual is taxable with respect to employment income, the employer has a PAYE withholding requirement. Foreigners who are present in Argentina for less than six months are also subject to withholding. However, each case should be evaluated to determine the applicable withholding regime.
The Personal Asset Tax is levied on movable property and real estate situated both in Argentina and abroad as of December 31st of each year.
Individuals considered tax residents for income tax purposes are subject to Personal Asset Tax on worldwide assets.
Expatriates considered 'Nonresidents with permanent residence' (NRPP) for income tax purposes are liable for this tax only on assets located in Argentina.
Individuals are liable for the Personal Asset Tax when they own assets for over $6,000,000. The tax rate is progressive. It ranges from 0.5% to 1.75% of the assets located in the country. A different rate is applicable over assets located outside Argentina according to the following scale:
Rates over assets located in Argentina
Up to AR$
|Fixed tax AR$||Plus Additional %||Over excess of AR$|
Rates over assets located outside Argentina
|From AR$||Up to AR$||
% to pay over assets in excess of minimum not taxable
For properties destined to the home of the taxpayer, they will not be subject to tax when the value, in accordance with the rules of this law, is equal to or less than thirty million AR$ ($30,000,000).
The individuals considered to be taxpayers for Personal Assets Tax purposes are subject to a scheme consisting in five bi-monthly advance payments on account of their next tax return.
Individuals working in a labor relationship must contribute to the Pension System.
|Concept||Employee Contribution (1)||Employer contribution
Law 27.541 (2)
|ART. 19, INC. A)||ART. 19, INC. B)|
|Argentine Integrated Pension System||11%||12.35%||10.77%|
|Family subsidy fund||5.40%||4.70%|
|National Employment Fund||1.08%||0.94%|
(1) To be withheld by employer. There is a monthly earning cap for employee contributions.
(2) 26.4 % or 24% depends on the activity and the revenue of the company.
Reductions have been established for the employer's contributions, depending on certain attributes of the workers or whether the work force is being incremented.
There are some social security exemptions that should be evaluated on each case (ie: the one provided in Social Security treaties with other countries or Art. 4 Law 24.241).
Stock options are deemed to be compensation in kind and the individuals who receive them are levied with tax Each case should be evaluated to determine the moment in which the income is considered taxable and the corresponding income tax and social security treatment.
For further information on expatriate tax services in Argentina please contact: