Indirect tax ebook - Argentina

Scope

VAT is a turnover tax levied at each stage of the production and distribution. Liability for VAT rests with the person supplying the taxable goods or services or importing goods into Argentina. However, the supplier is allowed to deduct from his VAT liability on sales made the amount of VAT paid and properly invoiced to him in relation to purchases effected by him, or VAT paid by him at importation. The actual burden of the tax is therefore borne by the final consumer.

Argentine VAT (IVA / Impuesto al Valor Agregado) is levied on taxable supplies which take place in Argentina and is collected by the A.F.I.P. (tax authority).

Information about Argentina

This information has been provided by Grant Thornton Argentina, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Argentina nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
Disclaimer

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For further information on indirect taxes in Argentina please contact Marina Espósito

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