Argentina Tax Agency Announces Updated Income Deductions, Tax Scales for 2025

The Argentine Federal Administration of Public Revenue Jan. 23 announced updated deductions and income tax scales for 2025. The announcement includes: 1) updated individual income tax deductions for salary income, from January to June 2025; 2) updated income tax scales for determining the amount to be paid by withholding agents, and the income tax rates for net profits accumulated from January to June 2025; 3) the specific deduction for retirement and pension income equal to eight times the guaranteed minimum wage, which replaces the standard deductions if greater; and 4) the 2025 corporate income tax scales for legal entities with ...