On 7 May 2015, Argentina published General Resolution 3770/2015 in its Official Gazette. The resolution includes a measure for the reduction in personal income tax for employees earning between ARS 15,000 and ARS 25,000 per month as announced by Argentina's Minister of Economy Axel Kicillof on 4 May 2015. The reduction is in the form of a 20% increase in the allowable standard personal deductions.
The measure applies retroactively from 1 January 2015, and any excess tax already withheld is …