In additon to income tax, residents of Buenos Aires will be affected by some or all of these taxes:
- VAT tax 21% (This is included in the price listed on the item. Nothing additional is added at the register.)
- Property Transfer Tax 1.5% (This is paid by seller only.)
- Capital Gains tax, depending on the situation, regular income may apply in lieu of income earned from the sale of property.
- Rental Tax, 21% for nonresidents, and 35% for residents. (Only landlords are responsible for this tax, and it is calculated based on the annual rental revenue.)