The Buenos Aires City Legislature approved the 2027 Budget Law on 1 October 2026, introducing a package of fiscal benefits beyond the previously announced reduction in the Vehicle Patent Tax (Patente de Automotores). The package includes a 15% reduction in the Gross Income Tax (Impuesto a los Ingresos Brutos) rate for small taxpayers (Monotributo local), a full exemption from Stamp Duty (Impuesto de Sellos) for first-home purchases under ARS 150 million, and a new tax credit for companies hiring workers under 30 years old. The measures aim to stimulate local economic activity and reduce the compliance burden on SMEs.
Key Takeaways
- Gross Income Tax Relief: The alícuota for the Simplified Regime (Monotributo) drops from 3% to 2.55% of gross revenue, benefiting approximately 450,000 small taxpayers in the city.
- Housing Stamp Duty Exemption: First-time buyers of residential property valued up to ARS 150 million are exempt from the 3.6% stamp duty, effective 1 January 2027, with a clawback clause if the property is sold within five years.
- Youth Employment Credit: Employers receive a monthly tax credit of ARS 50,000 per new hire aged 18-29 for 24 months, claimable against Gross Income Tax or VAT, targeting the creation of 20,000 formal jobs in 2027.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement