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last mo.

IMF Recommends Tax Overhaul to Raise 3.3% of Argentina’s GDP

It quantifies wider income‑tax coverage, higher Monotributo charges, unified VAT, corporate‑tax changes to raise up to 3.3% of GDP; the government must present a proposal by year‑end.

El organismo propone cambios en el IVA, impuestos distorsivos (Ingresos Brutos) y los derechos de exportación (retenciones).
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El FMI recomendó que el impuesto a las Ganancias alcance a más trabajadores argentinos
River le ganó 3 a 0 a Blooming y pasó a octavos de la Copa Sudamericana

Overview

  • The IMF published detailed staff recommendations Wednesday that outline a package of measures designed to broaden tax bases and cut exemptions to yield up to 3.3% of GDP in additional revenue.
  • Key quantified options include returning personal income‑tax reach to about 20% of workers to raise roughly 0.4% of GDP and aligning Monotributo fees with the general regime to add about 1% of GDP.
  • The report also proposes unifying VAT rates and removing exemptions with targeted cash transfers to protect poor households, and it estimates VAT reform could net about 0.4% of GDP.
  • The Executive has formally committed to submit an integral tax reform bill before year‑end, but President Javier Milei and Economy Minister Luis Caputo have publicly prioritized tax cuts and lower export levies, setting up a political fight over the final design and timing.
  • Roughly half of any extra revenue would flow to provinces, so intergovernmental negotiation will be central and the package could reshape formalization, household tax burdens and the pace of removing export duties and financial transaction levies.