News of tax

Argentina sells most FX reserves since 2019 on importer demand

26-12-2024 19:14 Central Bank sells most foreign reserves in one day since October 2019 after officials eliminate PAIS tax on imports, igniting corporate demand for dollars.

POLITICS

Milei fires head of tax bureau over ‘streaming and influencers’ rules

07-12-2024 18:21 ARCA (ex-AFIP) chief Florencia dismissed from her post after less than a year in office; Order to fire official reportedly came straight from President Milei.

Mining in Argentina - Investment

Millennial mining heirs bet the family business on Argentine copper

25-10-2024 11:14 As demand for clean energy surges, family-owned companies, including those led by the next-generation Lundin family heirs, are taking control of critical mineral resources across the Americas and Europe.

POLITICS & ECONOMY

AFIP to ARCA: Milei government announces ‘dissolution’ of tax bureau

21-10-2024 17:15 Argentina’s government says it will shutter AFIP tax collection agency and replace it with ‘Agencia de Recaudación y Control Aduanero (ARCA); Move will see 34% reduction in staffing levels.

'Off the record'

Domestic industry leaders fear impact of new import rules, EU-Mercosur deal

21-10-2024 06:29 Domestic business leaders warn lowering of tariffs, though beneficial to some sectors, could put national production at stake.

INTERVIEW

Bahamas AG leads Global South's push for UN tax cooperation deal

11-10-2024 09:00 Bahamas Attorney General Ryan Pinder on global tax cooperation, pushing back against OECD policies and how Argentina can help the Global South.

by Mattis Nurit

Politics & Economy

Leftist Uruguay presidential candidate pledges to achieve primary fiscal surplus

25-09-2024 18:12 Uruguay’s leading presidential candidate, Yamandu Orsi of the opposition Frente Amplio coalition, says he will aim for primary fiscal surplus by the end of his term if he wins the October election.

EDITORIAL

Libertarian entrapment

31-08-2024 05:21 The paradox of a libertarian government revering the free market while unable to exit bureaucratic Kirchnerite capital controls has already drawn comment but the reduction of the PAIS tax exposes another contradiction.

SPECIAL INVESTIGATION

Report: Milei questioned by AFIP for suspected irregular invoicing in 2015

29-08-2024 19:47 Investigation by 'La Nación' journalist Hugo Alconada Mon reveals head of state was investigated by AFIP tax agency in 2015; Probe related to economist’s time advising veteran Peronist then-Buenos Aires Province governor Daniel Scioli, obliging him to enter a five-year moratorium.

ECONOMY – ANALYSIS

Milei lowers key import tariff to cool inflation

28-08-2024 10:35 Economy Minister Luis Caputo announces government will lower levy known as 'PAIS tax' from 17.5% to 7.5%.

ECONOMIC POLICY

Milei government hikes taxes on dividends going abroad

07-05-2024 23:57 President Javier Milei extends so-called 'PAÍS tax' (Para una Argentina Inclusiva y Solidaria) to the purchase of foreign currency for sending dividends abroad.

INDUSTRIAL ACTION

Massive transport strike called for May 6: No trains, underground, planes or ports

30-04-2024 16:09 Walkout was called by the CATT Argentine Confederation of Transport Workers and will affect nearly all forms of transport.

BRANDED CONTENT

Tax benefits you should know about as a US expat living in Buenos Aires

27-03-2024 13:34 Buenos Aires is home to a large number of US expatriates – it is expected that in 2024 more than 60,000 people from the United States will live in the Argentine capital.

'Ganancias' bill

Milei government's bill to restore income tax enters Congress

24-01-2024 15:55 Government plans to lower income tax floor to 1.25 million pesos, down from current 2.3 million pesos.

Congress & Politics

Milei seeks to increase number of Argentines paying income tax

23-01-2024 13:33 Proposal that will be sent to Congress on Tuesday establishes that individuals making more than 1.3 million pesos (US$1,583) a month should by paying income tax.

CRYPTOCURRENCIES

Argentines have over US$100 billion in undeclared cryptocurrencies

22-01-2024 15:06 Argentina’s government and specialist consultancy firms estimate that citizens hold more than US$100 billion in digital cryptocurrencies that haven’t been declared before the authorities. President Milei’s Emergency Decree and the Omnibus Bill could lead to a gradual whitewashing of these digital assets.

Bloomberg

Argentina seeks to tax lithium boom to avoid region’s resource curse

02-10-2023 11:57 Provincial and federal officials want to tap the profits of lithium companies with an annual tax that would be put toward building infrastructure.

'Ganancias' bill

Argentina to all but end income tax as election spending spurs inflation

29-09-2023 09:27 Sergio Massa's push to eliminate income taxes for almost all formal workers wins approval in the upper house.

economy

How Javier Milei would cut Argentina spending by 14% of GDP

25-09-2023 09:15 Javier Milei’s fiscal belt tightening would focus on slashing expenditures on subsidies for utility bills, like gas, electricity and water, as well as federal government transfers to poor provinces.

'Ganancias' bill in Congress

Income tax bill clears lower house with support from Milei, left-wingers

20-09-2023 16:38 Bill to raise ‘ganancias’ threshold to 1.77 million pesos approved by lower house; 135 Frente de Todos, provincial party, leftist and libertarian deputies, among others, back it; 103 votes against, mostly Juntos por el Cambio.

MINISTER ON CAMPAIGN

Massa aims portfolio power at pockets with income tax bill

14-09-2023 13:55 Economy Minister Sergio Massa raises income tax minimum threshold and programme to return IVA value-added tax, just one month before elections; Move means just 80,000 tax-payers will be paying 'ganancias' from October onwards.

WATERWAYS

South American neighbours slam Argentina over river tax on Paraguay

11-09-2023 21:18 Argentina’s neighbours have sharply criticised its tax against commercial boats travelling through the key Paraná River, backing Paraguayan objections.

POLITICS

Argentina spares millions from paying income tax as vote nears

11-09-2023 21:12 Workers earning less than 1.7 million pesos (US$4,857) per month won’t have to pay income taxes as of October, up from the previous threshold of about 700,000 pesos.

ELECTIONS 2023

Milei’s plan for Argentina: Dollarisation, scrapping taxes and more

14-08-2023 13:51 From ditching the struggling peso to eventually eliminating Argentina’s Central Bank, outsider presidential candidate Javier Milei has vowed to implement a series of bold — and perhaps unfeasible — measures.