On 13th salary bonus RAE ARGENTINA TO THE WORLD

Economy minister announces tax exemption

Argentina's economy minister, Sergio Massa, announced tax benefits for wage earners.

He anticipated that salaries of up to 880,000 pesos a month, about 3600 dollars, will be exempt from the income tax on the annual bonus.

This is the additional, 13th salary that employees receive in Argentina, divided into two installments: one half in December and one half in June.

Due to the impact of inflation, which is around 100% per year, more and more salaries are reached by the income tax.

According to Massa, the exemption will benefit half a million workers.