Tax Incentives for Expatriates and Digital Nomads in Argentina
Argentina offers a range of tax incentives to attract and retain expatriates and digital nomads. These incentives aim to promote economic growth, attract skilled professionals, and support temporary residents.
Eligibility Criteria
To qualify for tax breaks, expatriates and digital nomads must meet specific eligibility criteria.
- Expatriates: Individuals who are not domiciled in Argentina and have resided in the country for less than 183 days in a calendar year.
- Digital Nomads: Individuals who work remotely for non-Argentine companies and have a temporary residence in Argentina.
Types of Tax Breaks
Expatriates and digital nomads may benefit from the following tax breaks:
- Tax Exemption on Foreign Income: Expatriates are exempt from paying income tax on foreign-sourced income.
- Reduced Tax Rates: Digital nomads may qualify for a reduced tax rate of 15% on income earned from remote work performed for non-Argentine companies.
- Tax Deductions: Expatriates and digital nomads can deduct certain expenses related to their work, such as housing, transportation, and healthcare.
Application Process
To claim these tax breaks, expatriates and digital nomads must apply to the Argentine Tax Authority (AFIP). The application process involves submitting documentation to prove eligibility, such as proof of residency, employment contracts, and financial statements.
Legal Framework
The tax incentives for expatriates and digital nomads are established through the following legal instruments:
- Income Tax Law (Ley de Impuesto a las Ganancias): Outlines the tax treatment of residents and non-residents, including rules for expatriates and digital nomads.
- Resolution 4003/2019: Regulates the tax treatment of digital nomads.
Rationale and Objectives
These tax policies aim to:
- Attract skilled professionals and remote workers to Argentina.
- Promote economic growth by fostering innovation and entrepreneurship.
- Support temporary residents by providing tax advantages.
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