The government has recently announced tax measures amid coronavirus outbreak. These measures are given below:
- Measures have been aimed at encouraging bank lending through (i) lower reserve requirements on bank lending to households and SMEs; (ii) regulations that limit banks’ holdings of central bank paper to provide space for SME lending; and (iii) temporary easing of bank provisioning needs and of bank loan classification rules (i.e. extra 60 days to be classified as non-performing).
- a suspension of evictions for those who can’t pay their rent, as well as a rent freeze based on March rent rates until September 30, after which rent increases would be paid in three monthly payments without interest. The President also announced the freezing of mortgage loan rates until September 30.
- Percent of employer payments to the Argentine social security agency, as well as a compensatory salary for workers in companies of up to 100 employees who meet conditions such as being in obligatory quarantine or at high health risk, or whose commission-based productivity has been highly affected.
- The government extended the quarantine period until 12 April 2020, the end of Easter week.
