According to Fernando Quiroga Lafargue, partner of Corporate Taxes at KPMG Argentina and head of the survey, in previous years, the majority opinion anticipated an increase in the tax burden for the following year. However, expectations have improved now, with 18% of opinions indicating a possible increase in investment for 2025, compared to 5% in previous years.
Regarding the tax amnesty and the moratorium, 93% and 92% of respondents, respectively, believe they will be successful in terms of revenue collection. As for the tax burden and investments for 2025, 66.32% believe that the tax pressure will remain the same, while 18.95% think it will decrease, leading 68.42% to indicate they will maintain investments.
In terms of tax pressure by district, the Province of Buenos Aires continues to be considered the heaviest. Additionally, opinions about maintaining investments in Argentina have increased from 65% in 2024 to 68% for this year, with Misiones in second place. About 33% reported having tax losses for the 2024 fiscal year, the same as the previous year.
The survey results reveal that Gross Income Tax remains the tax that most impacts the products and services sold, with 54.37% of opinions on this matter. 93% of respondents believe that the current tax framework does not favor investment, and 37.8% expect to pay more income tax due to good results in 2024.
Moreover, 66% believe that the Investment Incentives Regime (RIGI) is positive for investing. Regarding fiscal initiatives, the majority of respondents believe in the likelihood of success of the tax amnesty and moratorium. Finally, it is indicated that 93% think that provinces are not interested in offering tax incentives to encourage investments.
