An important measure is the introduction of new VAT rates on advertising in newspapers, magazines, and periodicals with effect from 1 January 2023. The applicable rates depend on the billing amount in the prior 12 months:
- up to ARS 250,000,000 – 2.5%
- over ARS 250,000,000 up to 500,000,000 – 5.0%
- over ARS 500,000,000 up to 1,000,000,000 – 10.5%
- over ARS 1,000,000,000 – 21.0%
The same rates apply for digital (online) publications. The applicable rate is to be reviewed at the end of each calendar quarter.
Source Orbitax
