INCOME TAX
DIVIDENDS AND TRADING OF SHARES, BONDS, SECURITIES, QUOTAS AND OTHER EQUITY INTERESTS IN CORPORATIONS

As from September 23th 2013, income derived from purchase, exchange or sale transactions of shares, bonds, securities, quotas and any other equity interests in corporations obtained by individuals residing in Argentina are taxables with income tax at the rate of 15%, except in the case that those goods are listed on stock markets.  In the case of corporations or companies residing or domicilied outside Argentina, the rate is 13.5%.

Also, dividends paid by Argentine companies to individuals residing in Argentina and foreign beneficiaries are subject to income tax at the rate of 10%

Estudio Cagide - 24/09/2013

NEGOTIABLE INSTRUMENTS YOU MAY BRING INTO OR TAKE OUT OF THE COUNTRY

Visitors and crew members that enter into the Argentine territory shall declare when they bring in more than USD 10,000 (TEN THOUSAND DOLLARS), its equivalent in the legal currency of the Argentine Republic, or in any other foreign currency, in cash or in any monetary instrument

The exportation of foreign bills and coins and precious metals for amounts higher than USD 10,000 (TEN THOUSAND DOLLARS) or its equivalent in other currencies is prohibited, unless the exportation is made through duly authorized financing and foreign exchange entities. The aforementioned limit shall apply to travelers and crew members that are older than TWENTY ONE (21) years old or that are emancipated. Minors between TWENTY ONE (21) and SIXTEEN (16) years old can exit the Argentine territory with a maximum amount of USD 2,000 (TWO THOUSAND DOLLARS) or its equivalent in other currencies, in cash and/or travelers’ checks; minors under SIXTEEN (16) years of age can exit the Argentine territory with a maximum amount of USD 1,000 (ONE THOUSAND DOLLARS) or its equivalent in other currencies, in cash and/or travelers’ checks.


VAT (SALES TAX) REFUND FOR NON - ARGENTINEAN RESIDENTS (TAX FREE SHOPPING)

Non-Argentinean residents can request the VAT refund for purchases made in the country of national goods, equal or higher to seventy Pesos (A$70)

Thus, when the purchase is made, the person shall request the storekeeper the original invoice type “B” or the receipt invoice type “B” and the refund check. Imported goods shall be invoiced separately as they are not subject to this benefit.

Before leaving the country, the person shall submit the goods, the invoice or receipt and the refund check so that the Customs agents can stamp it.

IMPORTANT: The amount to be refunded is the amount of Value Added Tax that appears in the invoice or receipt (21%) minus the amount corresponding to the administrative commission.

Source:  A.F.I.P.