Argentina Publishes Budget Law for 2023 Including New Amnesty Regime for Foreign Currency, New VAT Rates for Advertising in Publications, and Other Measures

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

---

---