Iodine oxide (IO) is an important tropospheric molecule. In the present paper, we mapped the potential energy surfaces (PESs) of the doubly degenerate IO(X-2 pi)-Ar van der Waals system using single- and double-excitation coupled cluster approaches with non-iterative perturbation treatment of triple excitations [RCCSD(T)] extrapolated to the complete basis set (CBS) limit. In addition to bent local minima, we identified a linear Ar-IO complex as a global minimum. Afterwards, we performed scattering calculations on these PESs, considering the non-zero spin-orbit contribution and the Renner-Teller effect. The integral cross-sections exhibit an oscillatory structure vs. the final rotational state, as already observed for the NO(X-2 pi)-Ar system. Moreover, computations reveal that the Ar-IO complex is stable toward dissociation into IO and Ar. Therefore, it can be found in the atmosphere and participates in iodine compound physical chemical processes occurring there.