How are foreign pensions taxed?

[Jeff_D]

Good Morning,

I am considering moving to Argentina on a pension visa this year and have already met with an immigration lawyer to understand the visa requirements. However, I've found conflicting information online regarding how my pensions and income would be taxed in Argentina. Can anyone recommend a tax advisor familiar with expat taxation who could clarify this for me?

- How are foreign pensions taxed? I have a US military pension that I will be transferring to an Argentine bank to qualify for my visa. Some sources say pensions aren’t taxed in Argentina, while others suggest they are.

- I also have a separate disability pension, which is tax-exempt in the US. Would this be exempt in Argentina as well? I don’t plan to transfer this money to Argentina, and it’s not reported as income on my US tax returns. Would AFIP still be interested in it?

- I’m also a bit confused about the minimum tax threshold (umbral mínimo no imponible). Am I correct that the first 2.3 million pesos of income is tax-exempt? I am concerned about taxation of my non-pension income. I have a remote US job that I intend to keep for a few more years.

Thanks for any info you can provide!

 

[desde_Holanda]

I suggest you read the tax treaty US - ARG. Haven't read it but it should contain: (1) Rules for defining tax residency (2) Rules regarding taxation of different types of incomes (who taxes what).

As I understand your questions relate to (2).

With respect to the min tax threshold: as far as I know this peso amount is frequently adjusted for inflation. Rules might change also, ofc.

 

[steveinbsas]

With respect to the min tax threshold: as far as I know this peso amount is frequently adjusted for inflation. Rules might change also, ofc.

Here is the most detailed information (English available) that I could find regarding the "tax threshold" (pisó de ganancias) for the salaried employees and self employed in Argentina:

Impuesto a las Ganancias: AFIP admitió el error y corrigió los valores desde septiembre 2024 - Mi Presupuesto Familiar

La reforma fiscal de 2024 estableció que los mínimos, deducciones y alícuotas del Impuesto a las Ganancias debían actualizarse por la inflación acumulada entre junio y agosto. Al principio, la AFIP tomó solo 2 meses, y ahora lo recalculó. Cómo quedan los valores.

presupuestofamiliar.com.ar

In the past few months I was told at an office of AFIP in Punta Alta that pension imcome is not subject to taxation at this time and it doesn't matter if the pension is public or private or if the individual is Argentine or a foreigner.

I asked on two occasions.