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Argentina Increases Special Tax Allowance for Employees

|Approved Changes|Argentina
Argentina

Argentina has published Decree 298/2022 of 6 June 2022, which provides an increase in the special tax allowance/deduction for employees, effectively increasing the tax exemption on monthly salary. As per Law 27617, which entered into force on 21 April 2021 and applied retroactively from 1 January 2021, provisions were introduced for additional allowances/deduction that essentially provides an exemption from tax where monthly income does not exceed ARS 150,000. This was subsequently increased…

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