The Argentine tax authority (AFIP) has announced an increase in the special tax allowance/deduction for employees, effectively increasing the tax exemption on monthly salary. The increase was provided by Decree No. 414/2023 and regulated by General Resolution No. 5402/2023, which were published in the Official Gazette on 11 August 2023.
As per Law 27617, which entered into force on 21 April 2021 and applied retroactively from 1 January 2021, provisions were introduced for additional allow…