Overview
- Argentina’s fintech firms face an average 6.4% provincial Ingresos Brutos burden, compared with 3% to 5% for conventional services and commerce.
- Effective rates vary sharply by province, from 3.5% in Tierra del Fuego to 9% in La Pampa and Santa Fe, with Jujuy at 8%, La Rioja at 7.3%, and provinces such as Buenos Aires, Córdoba and Neuquén near 7%.
- Córdoba’s 2024 Ley Tarifaria N° 11.015 imposes an additional 80% contribution on IIBB for digital payment processing, lifting a 5% legal rate to an effective level that can approach 9%.
- CAF reports that the higher turnover-tax load raises fees and credit rates for consumers and SMEs, discouraging adoption of electronic payments and formalization.
- The chamber urges three coordinated moves: reduce sector rates to align with conventional services, harmonize provincial rules under a national consensus, and simplify compliance, noting that no rollback has been implemented.