In brief

Law No. 27,667 ("Law") amended the Personal Assets Tax Act as from FY2021.

According to the Law, changes apply to FY2021 tax returns (considering assets as of 31 December 2021).  


The Law changes the following:

  1. The minimum nontaxable amount is increased to ARS 6 million.
  2. Real estate used as the home of the taxpayer is exempted from the tax when its value is equal or lower than ARS 30 million.
  3. The rates apply as follows:
Amount of assets that exceed the minimum non-taxable value: Will pay ARS More %  On the excess of ARS
More than (ARS) To (ARS)      
0 3,000,000, including 0 0.50% 0
3,000,000 6,500,000, including 15,000 0.75% 3,000,000
6,500,000 18,000,000, including 41,250 1.00% 6,500,000
18,000,000 100,000,000, including 156,250 1.25% 18,000,000
100,000,000 300,000,000, including 1,181,250 1.50% 100,000,000
300,000,000 and beyond 4,181,250 1.75% 300,000,000

 

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