Argentina’s wealth tax, known locally as Bienes Personales, is an annual levy on the value of an individual’s assets held as of December 31 each year. Residents pay on their worldwide holdings; non-residents pay only on assets located in Argentina. Following the reforms in Law 27,743, rates are on a declining schedule that lands at a flat 0.25% in 2027, and the tax is now administered by ARCA (Agencia de Recaudación y Control Aduanero), which replaced AFIP under Decree 953/2024 in late 2024.
Who Owes the Tax
Law 23,966 splits taxpayers by residency. Residents, including Argentine nationals living in the country and undivided estates based there, owe on all assets wherever located. Non-residents owe only on property and financial interests physically located in Argentina.
Residency here follows the Income Tax Law, not a simple domicile test. You lose Argentine tax residency when you obtain permanent residence in another country from an immigration standpoint, or when you stay outside Argentina for more than 12 consecutive months. Brief returns totaling fewer than 90 days within any 12-month window do not reset that clock.
When a non-resident holds taxable assets in Argentina, a local party called a responsable sustituto (substitute taxpayer) handles the filing and payment on the non-resident’s behalf. This is typically the entity or person managing the Argentine asset, such as a company in which the non-resident owns shares.
What Counts as a Taxable Asset
The tax reaches a wide range of property. Law 23,966 treats several categories as located in Argentina, including real estate, registered vehicles, aircraft and vessels under national registration, bank deposits held in the country on December 31, and shares or equity interests in Argentine-domiciled entities.
Some holdings are excluded from the base. Government bonds issued by the federal government, provinces, municipalities, and the City of Buenos Aires are exempt. So are insurance-based retirement savings accounts supervised by the national insurance authority, along with deposits in certain pension-system capitalization accounts.
One structural point matters at filing time: liabilities cannot be deducted. The tax applies to the gross value of assets above the exempt threshold, without netting debts.
Exempt Thresholds for 2025
A general minimum, the mínimo no imponible, decides whether you owe anything. For fiscal year 2025 (filed in 2026), ARCA set that threshold at ARS 384,728,044.57. If your total taxable assets sit below it, you owe nothing. A separate, higher exemption covers a primary residence: for fiscal year 2025, a home used as your principal dwelling drops out of the base when its valuation is at or below ARS 1,346,548,155.99. Both figures adjust annually with the Consumer Price Index.
Rates and the Path to 2027
The 2023 reforms scrapped the old surcharge that hit foreign assets harder than domestic ones. All assets now sit under a single progressive scale, and the rates fall each year on a statutory schedule through 2027.
For fiscal year 2026, the structure has just two brackets:
- 0.50% on value above the exempt minimum, up to the first bracket threshold
- 0.75% on the excess above that threshold
Fiscal year 2025 has three brackets, topping out at 1.00%. By fiscal year 2027, the law mandates a single flat rate of 0.25% on all taxable assets above the exempt minimum. The peso amounts dividing the brackets are base figures written into the statute that ARCA adjusts annually for inflation.
The REIBP Prepayment Option
Law 27,743 also created the Régimen Especial de Ingreso del Impuesto sobre los Bienes Personales, a one-time prepayment covering fiscal years 2023 through 2027. Participants made a single lump-sum payment at a unified 0.45%, calculated by valuing all assets as of December 31, 2023, and multiplying that base by five. In return, they are exempt from annual Bienes Personales filings and payments for the remainder of that period.
The regime also offers fiscal stability through 2038: the government cannot push the participant’s wealth tax burden above a ceiling of 0.75% through 2027, dropping to 0.45% for the following decade, and cannot impose new national asset-based taxes on them. Enrollment closed on July 31, 2024, so this route is no longer available to new participants. Anyone already in REIBP has their annual filing obligation suspended until the regime expires.
How to File and Pay
Filing runs through the ARCA portal at afip.gob.ar; the URL did not change when the agency was renamed. Log in with your Clave Fiscal, the digital credential issued to every registered taxpayer, then open the Bienes Personales application to enter asset data and generate your return.
Once the return is accepted, the system produces a Volante Electrónico de Pago (VEP), an electronic payment voucher with a code you use to pay through your bank’s online platform or an authorized payment provider. Payment posts to the government’s system as soon as it clears.
Assets held abroad must be converted into pesos using the Banco Nación official exchange rate for December 31. Foreign securities, real estate, and bank accounts need documentation showing values in the original currency and the conversion rate applied.
Deadlines for Fiscal Year 2025
Filing and payment deadlines for the fiscal year 2025 return follow the last digit of your CUIT (tax identification number):
- CUIT ending in 0, 1, 2, or 3: return due June 11, 2026; payment due June 12, 2026
- CUIT ending in 4, 5, or 6: return due June 12, 2026; payment due June 16, 2026
- CUIT ending in 7, 8, or 9: return due June 16, 2026; payment due June 17, 2026
Missing these dates triggers compensatory interest on the unpaid balance, and ARCA can add penalties for late filing. Interest rates are set periodically by the agency and have historically run well above commercial lending rates, so even a short delay adds up.
A Note for US Taxpayers
Americans living in Argentina or holding Argentine assets sometimes assume they can offset Bienes Personales against their US tax bill using the foreign tax credit on Form 1116. That credit applies to foreign income, war profits, and excess profits taxes. Bienes Personales is a wealth tax and does not fit those categories, and the Form 1116 instructions make no provision for crediting foreign wealth taxes.
In practice, most US taxpayers who pay Bienes Personales cannot reduce their US federal tax liability by the amount paid. The payment may still be available as an itemized deduction on Schedule A, but a deduction is worth less than a dollar-for-dollar credit. If you hold significant assets in Argentina and file US taxes, talk to a cross-border tax advisor before the filing season.