Country Payroll Guide Argentina

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Key Facts

Capital
Buenos Aires
Date format
dd/mm/yyyy
Currency
Argentine Peso (ARS)
VAT
the standard rate is 21%

Contributions

Employers

Social Security
Social Security - 6%
Health Insurance
Health Insurance - 6%
Pension
Pension - 12%
Work Risk Insurance
Work Risk Insurance - 2.05%
Life Insurance
Life Insurance - 19.03 ARS
Total Employment Cost
Total Employment Cost - 45.08%

Employees

Social Security
Social Security - 3%
Health Insurance
Health Insurance - 3%
Pension
Pension - 11%
Total Employee Cost
Total Employee Cost - 17%

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.