- The analysis suggests a national tax rate of 20 percent to eliminate the main provincial tax, proposing an 11 percent provincial VAT to replace the Ingresos Brutos tax, which should collect 4 percent of GDP. The national VAT currently generates revenue equivalent to 7 percent of GDP, and the estimated provincial VAT rate is around 11.4 percent, though it could drop to 10.9 percent with collection advances, resulting in a total indirect tax burden for consumers of 30.9 to 31.4 percent. However, most jurisdictions lack the capacity to administer the VAT effectively.
Source: ambito.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Argentina"
- Argentina Updates Cross-Border Transaction Reporting Rules, Raises Thresholds and Clarifies Transfer Pricing Requirements
- Recent Tax Law Updates: Income Tax, Import/Export Simplification, Supreme Court, and Compliance Regimes
- ARCA Eases Requirements for VAT Withholding and Perception Exclusion Certificates for Certain Taxpayers
- How to Verify a VAT ID (CUIT) in Argentina Online: Step-by-Step Guide for 2025 Compliance
- Argentina Streamlines Invoice Rules, Eliminates Type M Invoices by December 2025
