Recent news
Latest items of recent news relevant to Argentina as reported in our fortnightly newswire ‘Dernières nouvelles’.
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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Argentina: Government announces 20% increase in minimum wage
Increases to minimum wage in tranches until next Spring …
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Argentina: The threshold for tax-free earnings has been raised once again
Employees did not originally have to start paying income tax until their monthly gross income reached ARS 150,000 (US$927,000) …
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Argentina: Register of companies using telework
Employers are reminded that Law 27,555 obliges companies that have any employees engaged in telework (either on a full or part-time basis) to register with the Department of Labour …
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