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Argentina has a progressive tax on personal income that is collected as a deferred tax. It also has a flat rate tax on business income ( corporate tax ) - 35%. There is a stamp tax of 1.5% on the total value of real property , whether it gained or lost value, as opposed to just 1.5% applied only to realised capital gains.
Argentina's new government withdrew major spending reforms from a sweeping "omnibus" bill in Congress to facilitate its approval, the economy minister said on Friday, while stressing President ...
Argentina's 2023 annual inflation was the highest in the world at 211.4%. [43] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [44] Because of Milei's policies, the monthly inflation rate dropped to 2.4% in December 2024, marking an end to Argentina's period of hyperinflation. [45]
At the time of Milei's inauguration in December 2023, Argentina’s economy was suffering 143 percent annual inflation, the currency had plunged and four out of 10 Argentines were in poverty. [190] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [191]
"The national government will advance a significant reduction in taxes, starting with the country tax, a distorting tax," said Milei during an event in the province of Cordoba.
Argentine President Javier Milei announced plans to shut down the country's tax ... Argentina's tax bureau, will "cease to exist." ... The changes will also slash "higher-level positions by 45 ...
Decree 70/2023, titled "Bases for the reconstruction of the Argentine economy" (Spanish: Bases para la reconstrucción de la economía argentina) was signed on December 20, 2023, by the Argentine president Javier Milei. It is known in the media as the "Megadecreto" ("Mega-decree") or "decretazo" for its large scope.
Macri said that far-reaching measures to balance the budget were the only way to draw a line under repeated bouts of financial turmoil over decades in Argentina. Argentina unveils 'emergency ...