Argentina Publishes Law Setting Individual Income Tax Rates and Introducing VAT Requirements for Non-Resident Supplies

On 27 December 2016, Law No. 27346 was published in Argentina's Official Gazette. The law makes various amendments in relation to individual income tax, as well as new requirements in relation to value added tax (VAT) on certain supplies made by non-residents. The changes generally apply from 1 January 2017.

Individual Income Tax

The individual income tax rates and brackets for 2017 are amended as follows:

• up to ARS 20,000 - 5%
• over ARS 20,000 up to 40,000 - 9%
• over ARS 40,000 up to 60,0…