Argentina’s President Cristina Fernandez de Kirchner has taken some initiatives to increase the tax-exempt personal income tax threshold.
According to the new plan, taxpayers with a gross monthly salary of up to ARS25,000 (USD5,215) will be exempted from paying tax on their Christmas bonuses. That means almost 98.12% of the taxpayers will be exempted from paying income tax on these Christmas bonuses, a measure which will benefit mainly the middle income taxpayers.
Related Posts
On 1 February 2024, Argentina released General Resolution 5482/2024, which outlines the suspension of collection lawsuits and enforced collection measures for specific groups of taxpayers. These include: micro, small, and medium enterprises
Read More The Argentine National Congress is evaluating a draft legislation to establish a new incentive regime for major investments by sole purpose vehicles in specific sectors. The sole purpose vehicles for the new incentive regime include corporations,
Read More
On 22 December 2023, the Argentine government issued Decree No. 72/2023 concerning the Bonds for the Reconstruction for a Free Argentina or Bonos para la Reconstruccion de una Argentina Libre (BOPREAL). The Argentine Central Bank will issue BOPREAL
Read More On 13 December 2023, Argentina’s tax authority (AFIP) declared that it had increased the tax on foreign currency purchases (PAIS tax) from 7.5% to 17.5%. This tax rate is applied to the purchase of foreign currency for the payment of import
Read More On 10 December 2023, the recently elected Government took power and has announced a series of structural economic and tax measures, including a significant simplification and reduction in applicable taxes. One of the measures announced has been
Read More On 12 October 2023, Argentina published Law 27734 in the Official Gazette, which outlined the establishment of a tax incentive regime to enhance organic food production. The incentives will be distributed to eligible producers and/or processors of
Read More
