Bank debits and credits tax
Last verified: 24 Oct 2026 · Status: Stable
Law 25.413 levies a tax on debits and credits in Argentine bank accounts, commonly called the cheque tax. The general rate is 0.6% on each credit and 0.6% on each debit, with 1.2% on some movements such as cash withdrawals. Part of it can be credited against income tax. Its validity was extended to 31 Dec 2027 by Law 27.702.
Key rules
- Rates. 0.6% on credits and 0.6% on debits; 1.2% on cash withdrawals and other listed cases (micro and small companies excluded from the higher cash rate).
- Income tax credit. 33% of the tax paid at the general rate is creditable against income tax or its advances (Decree 380/2001 as amended).
- SMEs. Micro and small companies credit 100%; medium manufacturing companies (tranche 1) 60% (Law 27.264 as amended by Decree 409/2018).
- RIGI. RIGI project vehicles credit 100% against income tax.
- Exemptions. Transfers between accounts of the same holder and other cases listed in the regulations.
International comparison
| Jurisdiction | Tax on bank account movements |
|---|---|
| Argentina | 0.6% on debits and on credits source |
| US (Delaware) | Not yet sourced |
| UK | Not yet sourced |
| Canada | Not yet sourced |
| Chile | Not yet sourced |
| Uruguay | Not yet sourced |
| Brazil | Not yet sourced |
| Singapore | Not yet sourced |
| Estonia | Not yet sourced |
Most comparison jurisdictions have no general tax on bank movements, but we leave cells blank until an official statement is sourced.
Practical traps
- The tax applies on both sides, so a payment cycle costs about 1.2% before credits.
- Banks charge the tax automatically; reconcile it monthly for the credit.
Pending changes
The government has said it wants to phase out this tax. No bill verified.