Taxes on wealth in Argentina

This article provides an overview of the taxes currently levied in Argentina on personal wealth. An important aspect of this kind of tax is that, with one exception, personal debts may not be deducted in determining taxable property; thus, the wealth tax is a global tax on property. The article discusses the personal wealth tax in Argentina and the minimum income tax on the assets of corporations, partnerships, sole proprietorships and all types of legal entities engaged in business activities. The article also looks at some of the taxes on property levied by local governments.