When the year ends, it is advisable to analyze your investments to know who are exempt from wealth tax to select them and invest liquid assets in them. However, it should be taken into account that they must be maintained for 3 months afterwards to avoid problems with ARCA.
Both fixed terms and guarantees are taxable or tax-free, depending on the case. The same applies to ADR, CEDEAR, placements in Common Investment Funds (FCI) and cryptocurrencies.
In this sense it is Important exceptions apply to bank assets and debt securities in income and wealth tax.
How Personal Assets and Earnings Affect Investments
Below are details about how income tax and personal wealth tax affect each type of investment.said experts from Grupo GNP.
The following taxation applies to fixed terms and other bank investments:
Fixed term in Argentina in pesos with adjustment clause or without adjustment clause
Income tax: freed.
Personal wealth tax: freed.
Fixed maturity in Argentina in dollars
Income tax: taxed Scaling up to 35%.
Personal wealth tax: freed.
Temporary stay abroad
Income tax: taxed Scaling up to 35%.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Money market account or another interest-bearing account from abroad
Income tax is levied Scaling up to 35%.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Argentine savings bank in pesos and dollars
Income tax: freed.
Personal wealth tax: freed.
Argentine checking account in pesos and dollars
Income tax: not reached for performance and result of disposal.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
How stocks, ADR and CEDEAR are taxed
Argentine and foreign stocks are subject to their own taxation and exemptions, including stocks of foreign companies listed on the Buenos Aires Stock Exchange (CEDEAR) and stocks of Argentine companies listed on Wall Street (ADR).
Argentine stocks with quotation (CNV)
Income tax: Dividends are taxed at 7%. The result of the sale is tax-exempt.
Personal wealth tax: freed.
Argentine stocks listed (not traded on CNV)
Income tax: taxed. The Dividends are taxed at 7%. The sales result is taxed at 15%..
Personal wealth tax: freed.
Unlisted Argentine stocks
Income tax: taxed. The Dividends are taxed at 7%. The sales result is taxed at 15%.
Personal wealth tax: freed.
Foreign actions
Income tax: taxed. The Dividends are taxed at a flat rate of up to 35%. The sales result is taxed at 15%..
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
ADR (Argentine Stocks on Wall Street)
Income tax: taxed. Dividends are taxed at 7%. The sales result is taxed at 15%.
Personal wealth tax: freed
CEDEAR (Argentine Depositary Certificates of Shares from Foreign)
Income tax: taxed Scale performance up to 35%. The result of the sale is tax-exempt.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Storage instructions
Income tax: taxed Scaling up to 35%.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
How FCIs and Trusts are taxed
Common Investment Funds (FCIs) and financial trusts are taxed as follows:
Argentine FCI Opens in Pesos (CNV)
Income tax: freed for performance and result of disposal.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Argentine FCIs are opened in pesos (CNV), with at least 75% of the underlying assets excluded in private assets
Income tax: freed for performance and result of disposal.
Personal wealth tax: freed.
Opening of the Argentine FCI in dollars (CNV)
Income tax: freed for performance and result of disposal.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Argentina’s FCI closed in pesos and dollars
Income tax: freed for performance and result of disposal.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
FCI from abroad
Income tax: taxed Scale performance up to 35%. The sales result is taxed at 15%..
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Public offering of the Local Financial Trust in pesos, with 75% of the underlying assets excluded from private assets
Income tax: freed for performance and result of disposal.
Personal wealth tax: freed.
Local Financial Trust public offering in pesos
Income tax: freed for performance and result of disposal.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Foreign Financial Fund
Income tax: taxed Scale performance up to 35%. The sales result is taxed at 15%..
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
How debt securities pay taxes
In many cases, strong tax exemptions apply to public securities and those issued by private companies (ON), as follows:
Argentine treasury bills in pesos / in dollars
Income tax: freed for performance and result of disposal.
Personal wealth tax: freed.
Foreign Treasury Bills
Income tax: taxed Scale performance up to 35%. The sales result is taxed at 15%.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Negotiable liabilities (ON) of Argentine companies in pesos with public offer and productive investment
Income tax: freed for performance and result of disposal.
Personal wealth tax: freed.
ON Argentinean company in dollars with public offer
Income tax: freed for performance and result of disposal.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
ON foreign companies
Income tax: taxed Scale performance up to 35%. The sales result is taxed at 15%.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Foreign corporate securities
Income tax: taxed Scale performance up to 35%. The sales result is taxed at 15%.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Argentine public securities in pesos and dollars
Income tax: freed for performance and result of disposal.
Personal wealth tax: freed.
Foreign public securities (except Brazil and Bolivia)
Income tax: taxed Scale performance up to 35%. The sales result is taxed at 15%.
Personal wealth tax: taxed, with Aliquots from 0.5% to 1.25%.
Brazilian public securities
Income tax: not taxed by CDI (Agreement to avoid double taxation) for performance and result of the sale.
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
Bolivian securities, stocks and other securities
Income tax: not taxed by CDI for performance and result of disposal.
Personal wealth tax: not taxed by CDI.
How cryptocurrencies are taxed
Cryptocurrencies are considered digital assets and are taxed in income and wealth taxes in certain cases.
Cryptocurrencies mined in Argentina or abroad:
Income tax: Performance not achieved. The sales result is taxed at 15%..
Personal wealth tax: taxed, with Interest rates from 0.5% to 1.25%.
This means that when you make an investment, such as a fixed term or the purchase of shares, you can take into account what tax advantages this may entail.
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