Argentina Introduces a One-Time Tax-Free Allowance
On 31 August 2023, the Argentinian government passed Emergency Decree 438/23 mandating private and public sector employers pay employees earning ARS 400,000 or less a one-time tax-free allowance of up to ARS 60,000. The exact, final amount will depend on the employee’s net monthly salary.
The allowance must be paid in two equal installments: the first installment must be paid within 15 days from 31 August 2023 and the second installment must be paid with the salary of the month of September 2023.
