Country Payroll Guide Argentina

Key Facts

Capital

Buenos Aires

Date format

dd/mm/yyyy

Currency

Argentine Peso (ARS)

VAT

the standard rate is 21%

Contributions

Minimum Wage

Minimum Wage

The minimum wage in Argentina is 28080 ARS per month.

Payroll

Payroll Cycle

Monthly

13th Salary

Mandatory.

Income Tax

Employee Income Tax (1)

0 - 64,532.64 ARS - 5%

Employee Income Tax (2)

64,532.64 - 129,065.29 ARS - 9%

Employee Income Tax (3)

129,065.29 - 193,597.93 ARS - 12%

Employee Income Tax (4)

193,597.93 - 258,130.58 ARS - 15%

Employee Income Tax (5)

258,130.58 - 387,195.86 ARS - 19%

Employee Income Tax (6)

387,195.86 - 516,261.14 ARS - 23%

Employee Income Tax (7)

516,261.14 - 774,391.71 - 27%

Employee Income Tax (8)

774,391.71 - 1,032,522.30 - 31%

Employee Income Tax (9)

1,032,522.30 and over - 35%

Working Hours

General Working Hours

48 hours per week.

Overtime

Additional 50%; should not go over 30 hours overtime per month.

Leave

Paid Time Off

• 0-5 years – 14 days
• 5-10 years – 21 days
• Over 10 years – 28 days

Public Holidays

18 days.

Sick Days

• 0-5 years of service – 3 months paid leave
• Over 5 years – 6 months

Maternity Leave

90 days.

Paternity Leave

2 days.

Other Leave

• Bereavement leave – 3 days
• Marriage leave – 10 days
• Examination for university or secondary school – 2 days every time (maximum 10 days)

Termination

Termination Process

Must be justified and with notice.

Notice Period

• 3 months – 5 years of service- 1 month notice
• More than 5 years of service – 2 months

If it’s during the probation period – 15 days.

Severance Pay

1 month pay for each year of employment; If the employee is terminated for economic reasons – half a month salary for each year of service.

Probation Period

3 months.

Visa

Employment Visa

Must have applied for a work visa or permanent residency.