What are payroll taxes in Argentina?
Employee deductions for taxes range from 5% to 35% depending on income level.
Monthly contributions must be made from the 9th-11th of every month to the tax authority.
The typical penalty awarded for the late submission is $AR 400 and payment of tax contributions is 0.001% per day over the total amount.
Social Security
Employee deductions for social security are as follows:
- 11% Pension Fund System
- 3% Health Insurance
- 3% Law 19032
Employer contributions for social security are:
- 18% or 21% Pension Fund System (depending the total head count and the annual earnings of the company)
- 6% Health Insurance
- Accident Insurance will between a fixed value ($ar0.60 per employee and a rate over the total salary). This rate will be established to the company according to the specifications of itself
- $14.09 per each employee for Life Insurance
Monthly contributions must be made from the 9th-11th of every month to the tax authority.
The typical penalty awarded for the late submission and payment of tax contributions is 2-5 %.