Recent news

Latest items of recent news relevant to Argentina as reported in our fortnightly newswire ‘Dernières nouvelles’.

Argentina: Monthly minimum wage increases (April, May 2024)

The monthly gross minimum wage, which was raised this March, and then further increased to ARS221,052 (US$250) retroactively on 1st April 2024 has again been raised to ARS234,315 (US$265,000) from 1st May 2024 …

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Argentina: Tax and contribution adjustments (1st May 2024)

With effect from 1st May 2024, the minimum monthly social security contribution threshold will be 190,141 …

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Argentina: Decline and fall

One of the first actions taken by Argentine’s new President Javier Milei when he entered office last December was to issue an emergency labour decree …

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Argentina: Twin minimum wage increases (February, March 2024)

The monthly minimum wage, which was last raised in December, has just been increased to 180,000 Argentine pesos (US$214) retroactively on 1st February 2024 …

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Argentina: Monthly rise in price inflation hits 25.5% in December 2023

The December 2023 rise compares to the comparatively modest jump of 12 …

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Argentina: Monthly salary thresholds for social security contributions (1st December 2023)

With effect from 1st December 2023, the minimum threshold has been set at 105,713 Argentine pesos (US$290 …

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Argentina: Elimination of most employees from income tax

In a desperate attempt to maximise take-home pay in the face of hyperinflation, the government has introduced a temporary taxation order lifting tax thresholds – so that 99% of employees will not be subject to income tax at all during the fourth quarter of 2023 …

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Argentina: Employees to receive one-time allowance

Emergency Decree 438/23(ED) has been enacted to establish a non-remunerative allowance (NRA) for private and public sector employees …

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Argentina: Monthly salary thresholds for social security contributions updated (1st September 2023)

With effect from 1st September 2023, the minimum threshold has been set at 29,456 Argentine pesos (US$84), whilst the maximum threshold has been increased to 957,320 pesos (US$2,735) [Resolution No …

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Argentina: Growing risks for business travelers

There is now a new heightened risk of violent theft, mugging and drug-related crime – especially in Buenos Aires, Bariloche, Mendoza and Rosario …

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Argentina: Economy hit by severe drought

On top of the country’s ongoing economic woes largely arising from triple-figure hyperinflation has now come a widespread drought …

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Argentina: Minimum wage to be increased three times by June 2023

The minimum wage will be increased to 80,342 pesos (US$385 …

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Argentina: Companies with more than 100 Employees must now ensure childcare provision

Under Decree No …

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Argentina: Pandemic has permanently reduced labour market participation

Although the pandemic has not entirely disappeared, it is now clear that following work interruptions and the contracting of COVID-19 a considerable number of employees are not returning to work …

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Argentina: Amnesty for holders of undeclared foreign currency

Because the local currency is progressively collapsing through its current annual rate of 88% hyperinflation to a level of ultimate worthlessness, the government is trying to salvage its position by enticing those who secretly hold their wealth in foreign countries to declare its existence via a new tax amnesty …

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