A fiscal representative in Argentina is appointed to deal with VAT registration for companies and more. Such a specialist has various responsibilities, and in the following lines, you can find some information in this regard, specifying that our lawyers in Argentina are at your disposal with specialized legal advice in this regard.
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What does a fiscal representative in Argentina do?
The main responsibility of a tax representative in Argentina is to register a company for VAT payment. Even if there is no obligation in this regard, it is still recommended to appoint a fiscal representative in Argentina when the company registration process is underway. On the other hand, companies from Argentina that carry out their activities in European countries must name a fiscal representative, but with small exceptions in certain states. Here are some of the responsibilities of a fiscal representative in Argentina:
- He or she deals with the preparation of the documents required by the financial authorities to register for the payment of VAT in Argentina.
- It is ensured that the company has a tax ID, following the approval of the required documents.
- A fiscal representative in Argentina can represent a company before the financial authorities when controls are scheduled.
- Also, the fiscal representative or tax agent in Argentina is the specialist who prepares the documents for VAT returns and specific declarations.
You have at hand the services of our law firm in Argentina when you want to start a business and appoint a fiscal representative. We can help you in this endeavor and provide specialized legal advice whenever needed.
Is there an obligation to have fiscal representatives in Argentina?
There is no obligation to appoint a tax representative in Argentina when setting up a company in this country. Even so, when the business of this company from Argentina is carried out in European countries, some of them impose this rule. On the other hand, a tax agent in Argentina can greatly facilitate the formalities and registration procedures of a company for the payment of taxes, where VAT is the most important. As he/she has various responsibilities and experience in the tax sector, it is recommended to start the journey with such a specialist.
How to perform VAT (IVA) registration for foreign companies in Argentina
In Argentina, VAT registration is accepted even without having a local establishment. Registration for this tax must be done before carrying out business. As for the procedures and formalities imposed, the following are essential:
- ARS 300,000 is the VAT registration threshold for goods sold in Argentina;
- ARS 200,000 is the VAT registration threshold for services sold in Argentina;
- registration for VAT payment can be done by presenting the Certificate of Incorporation, Articles of Association, and other standard forms offered by the tax authorities;
- once the documents are accepted, a VAT ID will be issued.
Registration for VAT payment in Argentina is a relatively simple process that can be handled by a fiscal representative appointed for your company. You can opt for our services and learn more about this tax and the registration procedures. Here are some VAT rates applicable in Argentina:
- 21% is the standard VAT rate in Argentina;
- 10.5% VAT applies to bread, milk, fruits, vegetables, cereals, and meat;
- a 10.5% VAT rate applies to newspapers and magazines, passenger transport, residential housing construction, and specific medical services provided in Argentina, etc.;
- 27% VAT rate applies to domestic gas supplies, energy and water supply, and telecommunication services in Argentina. This is the highest VAT rate in Argentina;
- VAT exemption is possible for specific medical services, public entity services, residential housing, and education, under certain conditions.
Our tax representative in Argentina can help local and foreign investors register for VAT when opening a business here.
What is the gross income tax (IIBB) in Argentina?
The gross income tax in Argentina (IIBB – impuestos sobre los ingresos brutos) is a provincial tax that applies to sole traders on gross incomes. 4% is the average tax rate in Buenos Aires, but similar rates apply in the different Argentine provinces. IIBB also applies to commercial services with a rate of up to 4.5%. Industry and goods are subject to an IIBB of 3%. You may ask our fiscal representative in Argentina if your business is subject to IIBB.
Why should you invest in Argentina?
Argentina is an excellent business destination for those who want to enjoy equality in terms of the business climate, addressed to local and foreign entrepreneurs. Practically, there is no difference between investment and business procedures for local and foreign entrepreneurs, the latter being treated equally from this point of view. Here are some statistics about Argentina’s economy:
- According to estimates, economic growth of about 5% is expected by the end of 2025, with help from the agricultural sector.
- Almost 20% of the available workforce is in the industrial sector of Argentina.
- One of the major drivers of Argentina’s economic growth is the services sector, with contributions of about 53% to GDP growth in recent years
In addition to the services offered by fiscal representatives, you may also be interested in details about immigration to Argentina. With the help of our immigration lawyers in Argentina, you can find out complete details about relocation. We help you get residency in Argentina. Also, those interested can apply for Argentine citizenship, with legal advice provided by our team. Contact us to benefit from personalized offers and legal support.