Argentina Introduces One-Off Bonus, Extends Social Tax Deadlines

Argentina employers must pay lower-income employees a one-off bonus with wage payments for August and September, while September social tax deadlines were also extended by two days, the country’s government said.

Decree 438/2023 (Spanish) follows a similar measure in 2022, both aimed at helping with inflation, by requiring payments of 30,000 Argentine pesos (US$85.72) with wages paid for August and September. A bonus must be paid to employees earning less than 400,000 Argentine pesos in net wages in August. However, the full 30,000 pesos must only be paid to employees who earned up to 370,000 Argentine pesos in net wages ...