Argentina — Tax: Wealth Tax

Why this matters

This is a federal tax that applies uniformly nationwide (not a provincial patchwork as older AI-drafted content suggested), and since 2023 reforms it now taxes worldwide assets for residents with no domestic/foreign distinction -- a meaningful planning point for anyone moving assets or property into Argentina.

Key facts

• Non-taxable minimum for 2025: ARS 384,728,044.57 net worth, adjusted annually for inflation; a separate, larger exemption (ARS 1,346,548,155.99 for 2025) applies specifically to a primary residence.
• Progressive rates for residents: 0.50% on the lowest taxable band, rising to 0.75% and then 1.00% on higher net worth, applied to worldwide assets (the domestic/foreign asset distinction was eliminated).
• 'Good taxpayer' individuals (compliant 2020-2022) receive a 0.50-point rate reduction.
• Non-residents pay a flat 0.5% on Argentine-situated assets only, typically remitted via a local responsible/representative party, due annually in June.
• Argentine peso savings accounts, term deposits, and government bonds are specifically exempt from this tax.

Steps

1. Determine net worth and residency status — Residents are assessed on worldwide net worth; non-residents only on Argentine-situated assets, generally through a local representative.
2. Check exemptions — Confirm whether the non-taxable minimum, primary-residence exemption, and asset-specific exemptions (peso deposits, government bonds) reduce or eliminate liability.

Costs

• Wealth tax (resident, progressive): 0.50%-1.00% of worldwide net worth above the non-taxable minimum
• Wealth tax (non-resident): Flat 0.5% of Argentine-situated assets

Timelines

• Annual payment/filing: Annually, with payment deadlines commonly falling in June (confirm current-year AFIP schedule)

Required documents

• CUIT (tax ID)
• Asset valuation records (real estate, vehicles, bank/investment accounts)
• For non-residents: designation of a local responsible party to remit the tax

Common mistakes

• Assuming this is a provincial or inconsistent tax -- it is a single federal tax administered by AFIP.
• Assuming only Argentine-located assets count for residents -- the domestic/foreign distinction was eliminated, so worldwide assets are in scope.
• Forgetting the higher, separate exemption threshold specifically for a primary residence.