Argentina vs Portugal taxes (2026): wealth tax vs AIMI

Argentina vs Portugal tax rates at a glance

Tax	🇦🇷 Argentina	🇵🇹 Portugal
Income tax	Personal income tax: 5%-35% Highest bracket tax: 35% Self-employed income tax: 5%-35% Foreign income tax: 5%-35% Employee social security: 17% Employer social security: 24%-26.4%	Personal income tax: 12.5% - 48% Non-resident employment rate: 25% Dividend and interest income: 28% Employee social security: 11% Employer social security: 23.75%
Corporate tax	Corporate profits tax: 25%-35% Standard company tax: 25% Top corporate tax: 35% Branch profit remittance tax: 7% VAT: 21%	Standard corporate tax: 19% SME rate: 15% Municipal surtax: Up to 1.5% State surtax: 3% - 9% Madeira / Azores: 13.3%
Capital gains tax	Capital gains tax: 15% Crypto capital gains tax: 5%-15% Shares and fund units: 15% Real estate gains: 15%	Default capital gains tax: 28% Property gains taxed: 50% Blacklisted jurisdictions: 35% Non-resident Portuguese securities: 0% / 28%
Dividend tax	Domestic dividend withholding tax: 7% Dividend tax on foreign companies: General PIT rates Legacy equalisation tax: 35% Branch profit remittance tax: 7%	Individual dividend tax: 28% Portuguese withholding tax: 25% Foreign dividend tax: 28% Blacklisted jurisdictions: 35%
Wealth tax	Net wealth tax: 0.50%-1.00% Net worth tax: 0.50%-1.00% Annual asset tax: 0.50%-1.00% Non-resident local assets: 0.50%	Net wealth tax: 0% AIMI for individuals: 0.7% AIMI for companies: 0.4% AIMI for tax havens: 7.5% IMI urban property: 0.3% - 0.45%
Inheritance / estate tax	Inheritance tax: 0% Estate tax: 0% Gift tax: 0% Probate tax: Varies	Inheritance tax: 0% Stamp duty on free transfers: 10% Spouse / descendants / ascendants: 0% / 0.8%
VAT / GST / sales tax	VAT: 21%	VAT: 23%
Standard VAT	21%	23% mainland
Wealth	Personal assets tax 0.50%-1.00%	No general wealth tax; AIMI on higher-value property

Who wins on each tax

Personal income taxArgentina

Argentina's personal scale is 5% to 35%; Portugal's 2026 IRS table is 12.5% to 48% before solidarity surcharges.

Corporate taxPortugal

Portugal's mainland corporate rate is 19%; Argentina's corporate scale is 25% to 35%.

Capital gains taxArgentina

Argentina commonly taxes gains at 5% to 15% depending on the asset and currency; Portugal commonly applies 28%.

Wealth taxPortugal

Portugal has no general net wealth tax and only AIMI on higher-value property; Argentina's personal assets tax is 0.50% to 1.00% on the general FY2025 table.

The verdict

Argentina can look lighter on the personal income-tax headline, with 5% to 35% versus Portugal's 12.5% to 48%. The wealth comparison runs the other way: Argentina levies a federal personal assets tax of 0.50% to 1.00% on the general table, while Portugal has no net wealth tax and only AIMI on higher-value residential property.

The non-rate constraint is what each country puts on the annual balance sheet. Argentine residents are taxed on worldwide income and worldwide assets. Portugal residents are taxed on worldwide income, but the annual extra on wealth is property-based AIMI, not a net-worth tax on financial assets.

Choose Portugal for an EU base, 19% mainland corporate tax, and no general wealth tax. Choose Argentina only when life and operations are already Argentine, and model Bienes Personales, 21% VAT and 25% to 35% corporate tax as a package, not as a 35% PIT comparison.

How to read this comparison

Argentina is a high-tax, worldwide system for residents. Personal income tax is 5% to 35%. Corporate tax is 25% to 35% on indexed brackets. Many capital gains fall in a 5% to 15% range depending on the asset and currency. Dividends generated from 2018 onward generally face 7% withholding. VAT is 21%. The distinctive extra is the federal personal assets tax, Bienes Personales, shown on ARCA's general FY2025 table at 0.50% to 1.00%, with a general minimum and a home exemption cap that should be checked for the relevant year. There is no federal inheritance tax, but Buenos Aires Province has a gift and inheritance tax. Provincial gross income tax, stamp tax, bank debits and credits tax, and payroll social security all add cost. Income-tax and wealth-tax tables are inflation-indexed, so bracket checks matter every year.

Portugal is a high-visibility EU system: 12.5% to 48% IRS, 19% mainland corporate tax from 2026, 28% default tax on dividends and many capital gains, and 23% mainland VAT. It has no general net wealth tax and no inheritance tax. Close family is exempt from the 10% stamp duty on gratuitous transfers; other gifts can still face stamp duty. The annual extra on wealth is AIMI on higher-value residential property and building land, plus ordinary IMI, not a tax on worldwide financial assets.

The constraint is Argentina's personal assets tax versus Portugal's property-only AIMI. A resident with a large securities portfolio can owe Argentine wealth tax every year even if the PIT headline is 35%. In Portugal, that same portfolio is generally outside an annual net-worth tax; a high-value Portuguese home can still trigger AIMI at 0.7% for individuals after the EUR 600,000 deduction, with higher marginal rates above EUR 1 million and EUR 2 million.

Choose Portugal for EU residence, 19% companies, and no general wealth tax. Choose Argentina when the life is already there, and do not treat 35% PIT as a win against 48% without adding Bienes Personales and 21% VAT. IFICI and other Portuguese new-resident reliefs are limited; they are not a default 0% regime for every arrival.

Which one fits you

🇦🇷 Choose Argentina if you're a…

People whose life, peso cashflow and operations are in Argentina
Residents who can live with Bienes Personales on worldwide assets
Founders already inside the Argentine payroll and VAT system

🇵🇹 Choose Portugal if you're a…

EU-bound families who want no general wealth tax
Companies that prefer 19% mainland CIT
People who would rather pay AIMI on a house than 0.50% to 1.00% on net assets

Frequently asked questions

Is Argentina or Portugal better for tax?

Portugal is usually better for companies, EU access and the absence of a general wealth tax. Argentina can be lighter on the 35% personal headline and some capital gains, but Bienes Personales, 21% VAT and 25%–35% CIT weigh heavily.

Does Portugal have a wealth tax?

Portugal has no general net wealth tax. AIMI is an additional tax on higher-value urban residential property and building land after a EUR 600,000 individual deduction, or EUR 1.2 million for joint filers.

Does Argentina tax worldwide assets?

Yes for residents. The federal personal assets tax generally covers worldwide assets, with a home exemption cap. Non-residents are taxed mainly on Argentine-source income and local assets.