Argentina has a Value Added Tax (VAT) of 21%, so there is no sales tax on consumer goods or services. Income tax is calculated on a sliding scale from 9%-35%. There are Social Security taxes of 23%, along with several lesser taxes like the fuel tax, City of Buenos Aires tax, vehicle tax, and personal assets tax. There is also a business tax of 35% on all corporate income. Most Argentine residents, however, don’t pay taxes on all of their income, as a large portion of it tends to be undocumented income from cash transactions.