Mobility - July 2020 - 58

DESTINATION PROFILE: BUENOS AIRES

Health Care

Health care in Buenos Aires is considered high-​quality,
whether delivered at public or private hospitals.
Public hospitals and emergency services are free to
all, including expats. The downsides to public health
care include long wait times and minimal nursing
and aftercare services.
Expats typically utilize private health care and use
international health insurance to help offset costs.
They should be aware that private health insurance
can be highly localized, so coverage might not follow
them if they leave town. Private hospitals can be more
affordable than comparable facilities around the globe.

In fact, any expat considering plastic surgery might
plan to have it while in Buenos Aires, which is quickly
becoming a medical tourism destination for Americans
and Europeans seeking quality procedures at a fraction
of the prices charged back home.
Many excellent private clinics offer Englishspeaking doctors. German and British hospitals
are also available. Expats can even pay premiums
directly to private clinics, bypassing the need for
health insurance. If inpatient services are needed,
expats should note that they might need to pay for
overnight nursing care.

Finances
Although personal income tax rates are progressive, a low qualifying income at the top level (only
about US$12,000) makes the 35% maximum the
de facto levy. Expats who have obtained official
permanent residency or have lived in Argentina for
12 consecutive months are taxed according to their
worldwide income. Nonresidents working less
than six months in Argentina are charged a Foreign
Beneficiary tax of 24.5%.
Expats should check Argentina's tax-treaty status
with their home country. For instance, while Canada,

58 Mobility | July 2020

Mexico, and the U.K. make the list, the U.S. and India
do not. Employers pay social security taxes of up to
21% of payroll, plus employee contributions of 14%.
The 2019 Mercer Cost of Living Survey ranked
Buenos Aires 133rd among 209 cities, cheaper than
such world hotspots as Hong Kong and New York
City. The city's cost of living index is an affordable
33.55 on a 100 scale, although frequent fluctuations
in the inflation rate can send that status up or down
at any time. At press time, 70 Argentine pesos were
equivalent to one U.S. dollar.



Mobility - July 2020

Table of Contents for the Digital Edition of Mobility - July 2020

Mobility - July 2020 - Cover1
Mobility - July 2020 - Cover2
Mobility - July 2020 - 1
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Mobility - July 2020 - Cover3
Mobility - July 2020 - Cover4
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