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Argentine Republic
Buenos Aires
44.49 Million
Argentine Peso
.ar
+54
Argentine Peso
Taxable income (ARS) |
Tax on column 1 (ARS) |
Tax on excess (%) |
|
Over (column 1) |
Not over |
||
0 |
33,039.81 |
- |
5 |
33,039.81 |
66,079.61 |
1,651.99 |
9 |
66,079.61 |
99,119.42 |
4,625.57 |
12 |
99,119.42 |
132,159.23 |
8,590.35 |
15 |
132,159.23 |
198,238.84 |
13,546.32 |
19 |
198,238.84 |
264,318.45 |
26,101.45 |
23 |
264,318.45 |
396,477.68 |
41,299.76 |
27 |
396,477.68 |
528,636.91 |
76,982.75 |
31 |
528,636.91 |
and over |
117,952.11 |
35 |
Deductible Expenses |
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Employment Deductions |
Personal Deductions |
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Type of Visa/ Permit |
Documentation |
Validity |
Eligibility |
Labor Contract Residence |
|
1 year |
Labor contract residence applies to foreigners who are regularly employed by a local company for a long period. |
Intracompany Transfer Residence |
|
1 year |
Intercompany transfer residence applies to employees who are transferred from a home country company to an Argentine company for a long period. |
Investor Visa |
|
1 year |
The immigration office considers an investor to be a foreign national that would make a minimum investment of ARS1,500,000 in a productive, commercial or service-supplying activity in Argentina or who convincingly proves that he or she has ARS1,500,000 destined for investment in these types of activities. |
Transitory Work Authorization |
|
90 days |
A Transitory Work Authorization (TWA) is a short-term, single-entry work permit |
VAT |
|
Higher Rate |
27% |
Standard Rate |
21% |
Reduced Rate |
10.5% |
Reduced Rate |
2.5% |
Zero Rate |
0% |
WHT |
|
Dividends |
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Interest |
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Royalties |
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Technical Service Fees |
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Statutory Benefits |
Probationary Period |
Annual Leave |
Public Holidays |
Sick Leave |
Maternity Leave |
Paternity Leave |
Overtime Pay |
Notice Period |
Severance Pay |
13th month pay |
Social Security Benefits |
Christmas Bonus% | Christmas bonus equivalent to half as month's salary is paid in December (4.16% of annual salary) |
Christmas Bonus Over Vacations % | 0% |
Severance per Year % | Employees are entitled to one months pay for employment period exceeding 3 months (8.33% of annual salary) |
Vacations % | The minimum and continued period of paid annual vacations employees are entitled to are: • 14 calendar days when seniority does not exceed five years (2.74% of annual salary) • 21 calendar days when seniority is between five and 10 years (5.75% of annual salary) • 28 calendar days when seniority is between 10 and 20 years (7.67% of annual salary) • 35 days when seniority exceeds 20 years (9.58% of annual salary) |
Notice % | Employees are entitled to 30 days of notice period for one year of service or more (8.24%) |
Christmas Bonus Over Notifications% | 0% |
Vacations Plus% | An additional bonus eqivalent to half a month's salary is paid in June (4.16% of annual salary) |
Total percentage of Salary (yearly) | The total employment accruals as a percentage of salary per anum are equal to 31.88% |
Pension | 10.77% |
INSSJP | 1.59%: |
Fondo N.E | 0.95% |
Familiar Salary | 5% |
Ansal | 1.20% |
Social Insurance | 4.8% |
ART (Work Risk Insurer) | 1.48% |
SVO (Mandatory Life Insurance) | 0.011% |
Christmas Bonus | 8.33% |
Vacations | 3.89% |
Vacation Plus | 0.78% |
Christmas Bonus over Vacations | 0.39% |
Severance per year of service | 8.33% |
FEE STT ARG | 16.45% |
BANK DEBIT AND CREDIT TAX | 1.50% |
IDES (taxes) | 5.00% |
Employment Accruals | ||
Annual Leave | Employees are entitled to a maximum of 35 days of annual leave. | This equals 9.58% (35/365 days) of annual income. |
Maternity Leave | Female employees are entitled to a special leave of absence for maternity including 45 days before and 45 days after childbirth. | This equals 24.65% (90/365 days) of annual income. |
Paternity Leave | Male employees are allowed 2 days of paid paternity leave after the birth of a child. | This equals 0.54% (2/365 days) of annual income. |
Sick Leave | If the employee has an illness or accident that is not work-related, they are entitled to: • up to 3 months’ paid leave if they have worked for an employer for less than 5 continuous years • up to 6 months’ paid leave if they have worked for an employer for more than 5 continues years. |
This equals 25% (3/12 months) of annual income |
Overtime | Overtime must not exceed 30 hours a month and 200 hours a year, unless authorized by the relevant labor authorities. Overtime hours must be paid at a rate of 50% on top of normal salary | Normal hourly rate is around 282.5 ARS. Overtime is paid at an additional 141.25 ARS. |
Severance | Employers must pay to the employee one month’s salary for each year of employment or period worked in excess of three months for which the employee worked for such employer. | This equals 8.33% (1/12 month) of annual income. |
13th Month Pay | Local law states employees are entitled to receive, on top of their salaries for each calendar year, an additional monthly salary (13th-month salary also knows as Aguinaldo). | This equals 8.33% (1/12 month) of annual income. |
Social Security Contribution | Employers must make social security contributions of 19.5% of annual salary. Employers must also make contributions of 6% to medical care. | This equals 25.5% of annual income |