Argentina Guía de Rendimientos de Inversiones 2026

Dividend Taxation

• Withholding tax: Dividends paid to individuals (resident or non-resident) are subject to a 7% withholding tax (WHT) on the gross dividend amount.
• Effective combined rate: The dividend is paid from after-tax profits (corporate tax at 25% for 2026). The combined effective rate is approximately 30.25% (corporate tax of 25% plus 7% WHT on the remaining 75%).
• Exemptions: Dividends paid between Argentine corporations are generally exempt. Dividends from foreign sources received by Argentine residents are included in worldwide income and taxed at progressive IIT rates (5–35%), with a foreign tax credit for taxes paid abroad.
• Reporting: The paying entity withholds the 7% tax at source. Residents must report dividends received (net of withholding) in their annual IIT return as foreign-source or domestic-source income depending on origin.

Interest Income (Residents — 5–35% Progressive)

• Individuals (residentes): Interest income earned by Argentine residents is generally subject to progressive IIT rates (5–35%), included as part of total taxable income.
• Bank interest (plazos fijos): Interest from fixed-term deposits (plazos fijos) in Argentine banks is subject to withholding at source at a rate equivalent to the taxpayer's marginal IIT rate. Banks apply a provisional withholding of 5–35% depending on the declared tax bracket.
• Corporate bonds and debentures: Interest from corporate debt securities is also subject to progressive IIT rates for resident individuals.
• Government bonds: Interest from Argentine sovereign bonds (Bonares, Globales) is generally subject to IIT at progressive rates. However, interest from certain regulated capital market instruments may be exempt or subject to reduced rates to encourage market development.

Interest Income (Non-Residents — 15% WHT)

• General rule: Interest paid to non-residents from Argentine sources is subject to a 15% WHT (withholding at source, considered final payment).
• Tax treaties: Where a double tax treaty applies, the rate may be reduced (e.g., 12% with Spain, 12% with the UK, 15% with Germany, subject to treaty conditions).
• Bank interest exemption: Interest paid to non-residents on deposits in Argentine financial institutions may be exempt under certain conditions (Law 21,526).
• The 15% WHT is the final tax for non-residents — no further Argentine tax is due.

Fixed Income Investments (Plazos Fijos, Bonos)

• Plazos fijos (fixed-term deposits): These are the most common fixed-income investment in Argentina. After high inflation (projected 40–60% for 2026), real returns are typically negative or low. The interest is taxed at progressive IIT rates, but the inflation adjustment on principal is not taxed separately.
• Adjustable bonds (CER/UVA): Bonds indexed to inflation (CER-indexed or UVA-indexed) are popular. The inflationary component is generally not subject to tax as a gain, but the real return (interest above inflation) is taxable.
• Treasury bills (Lecaps, Ledes): Short-term government bills offer market-based returns. Taxation follows the general interest income rules.

Inflation Adjustment on Investment Income

• Argentina's high inflation environment means that nominal interest rates include a significant inflation component. The tax system generally does not exclude the inflationary portion of interest from taxation, which results in taxation of "illusory" gains.
• However, for capital gains (sale of assets), the inflation adjustment of the acquisition cost is allowed, reducing the real taxable gain.
• Some indexed instruments (CER bonds, UVA deposits) may partially avoid this issue as the principal adjustment tracks inflation, with tax only on the "real" interest component.

FAQs

Are dividends from Argentine companies taxable for residents?

Yes, dividends are subject to a 7% WHT at source on the after-tax profit distributed. The company has already paid corporate tax (25%), so the total effective rate is approximately 30.25%.

Do I pay tax on bank interest in Argentina?

Yes, interest from plazos fijos and savings accounts is subject to income tax at progressive rates (5–35%) for residents. Banks typically apply a provisional withholding at the marginal rate declared by the taxpayer.

How are foreign investments taxed?

Foreign-source investment income is included in worldwide income and taxed at progressive IIT rates (5–35%) for Argentine residents. Foreign tax credits are available for taxes paid abroad, limited to the Argentine tax due on that income.

Aviso Legal

Este guia fornece informações gerais sobre a tributação de rendimentos de investimentos na Argentina para 2026. Leis e alíquotas podem mudar. Sempre consulte um contador ou a AFIP para orientação específica. InvestmentKit não fornece aconselhamento tributário.