A financial transactions tax of 0.6% is applied to debits and credits in current accounts, but employment compensation and pension payments are exempt. A higher tax rate of 1.2% applies to financial transactions conducted without a bank account. Additionally, a 1% stamp duty is charged on the formal execution of public and private legal documents, such as contracts, notarial deeds, and promissory notes. Special tax rates of 0.5%, 1.2%, 3%, and 3.6% apply in specific cases.
Country Profile: Argentina
Tax to GDP ratio: 27.8%
Progressive Vertical Index (PVI): 1.0207 — Regressive
Aviation: Yes – tax in place
National Tourism Fund
- A 7% surcharge on the price of air and maritime tickets abroad sold or issued in Argentina, or issued abroad for Argentine residents on trips beginning in the country
Financial Transactions Tax (FTT): Yes – Tax in place
Oil & Gas Revenues:
- Total government revenue from oil & gas in 2022: $0.6 billion
- Share of oil & gas activity covered: 15.3%
Source: PBPR
These figures represents an aggregate of fossil fuel revenues collected through various fiscal instruments, including royalties, taxes, and production entitlements.
Carbon Pricing: Yes – carbon pricing instrument in place
- Instruments: National Carbon tax, National ETS
- Emissions covered: 38%
- Price: ARS695.92 (US$0.81)
- Revenue: ARS41,290 million (US$198 million)
- Sectors covered: Electricity and heat, Industry, Mining and extractives, Transport, Aviation, Buildings, Agriculture, forestry and fishing fuel use
- Offsetting: Not permitted
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