The Argentine tax authority (AFIP) has announced a major increase in the special tax allowance/deduction for employees, effectively increasing the tax exemption on monthly salary. The increase was provided by Decree No. 473/2023, which was published in the Official Gazette on 13 September 2023.
As per Law 27617, which entered into force on 21 April 2021 and applied retroactively from 1 January 2021, provisions were introduced for an additional allowance/deduction that essentially provides …