Argentina
Introduction
General overview & country facts, as well as labour regulations.
Employer Contributions
These are additional costs incurred by employers over and above the employee’s monthly gross salary and/or bonus.
Employee Contributions
These are costs incurred by employees that reduce their monthly gross salary and/or bonus to determine their net “take home” pay.
Employment Terms
All you need to know about salary & bonuses, working hours & overtime, probation period, notice period & severance pay, as well as all leave types.
COUNTRY PLAYBOOK
Argentina
Everything you need to know about payroll, benefits & hiring top talent in Argentina
Currency
Argentine Peso (ARS)
Salary payment frequency
Monthly, Bi-weekly, Weekly
Capital
Buenos Aires
Time Zone
GMT - 3:00
Official Languages
Spanish
Is English spoken?
No
Quick Links
Introduction
General Overview & Economic Facts
- Slovakia, officially known as the Slovak Republic, is a country located in Central Europe
- It has a population of approximately 5.4 million and spans an area of 49,000 km2 (19,000 sq2)
- Its economy ranks 59th by nominal GDP (2022) and 70th by PPP (2022)
- Hungary ranks fairly high on the Human Development Index with an index score of 0.848
Why Employ In Argentina?
- The main exports from Slovakia include motor vehicles, machinery, iron and steel
- Population demographic- 10.06 % of the population is between the ages of 15 and 24 years, with 44.61% of the population being between the ages of 25 and 54. Slovakia has a fairly mature population making it a good country to hire more experienced employees
Overview Of The Labour Law
- The Labour Code is the main source of labour law.
- The Code covers annual leave, minimum wage, working conditions, vacation and termination of employment
- Employment relationships are establish by written employment contracts
- Labor law in Hungary is based on the protection of both employers and employees
Fun Country Facts
- You can travel for free if you’re under 26, widowed, disabled, or a senior citizen
- Slovakia is home to the world’s oldest wooden church, which dates back to the 12th century.
- Slovakia has the world’s tallest cave column
Why Use Playroll Services For Argentina?
- Employing in Slovakia requires companies to have their own legal entity in the country as well as to manage payroll, employee benefits, taxes and legal compliance. This can get quite complicated, especially with the complexity of employment laws in Slovakia.
- With Playroll’s Employer of Record services, your team will be employed by our established legal entities in each country
- We will take care of payroll, employee benefits, taxes, legal compliance and provide ongoing employee support, so that you can focus on growing your team
Employer Contributions
These are additional costs incurred by employers over and above the employee’s monthly gross salary and/or bonus.
Social Security
Calculated on a maximum total monthly remuneration of EUR 7,930.98
Health Insurance
1.40%
Retirement Pension Insurance
14.00%
Disability Insurance
3.00%
Unemployment Insurance
1.00%
All Risk Insurance
0.25%
Accident Insurance
0.80%
Reserve fund Insurance
4.75%
Health Insurance
Calculated on total monthly remuneration
10.00%
Meal Ticket
EUR 2.48 per day
Employee Contributions
These are costs incurred by employees that reduce their monthly gross salary and/or bonus to determine their net “take home” pay.
Social Security
Calculated on a maximum total monthly remuneration of EUR 7,930.98
Health Insurance
1.40%
Retirement Pension Insurance
4.00%
Disability Insurance
3.00%
Unemployment Insurance
1.00%
All Risk Insurance
0.25%
Sickness Insurance Contribution
4.00%
Health Insurance
Calculated on total monthly remuneration
4.00%
Meal Ticket
EUR 2.03 per day
Income Tax
Income tax is calculated on ‘Worldwide Income’
EUR 0.00 – EUR 38,553.00
19.00%
EUR 38,553.00 or more
25.00%
Employment Terms
General
Minimum Wage
- EUR 646.00 per month
Working Hours
- Maximum of 8 hours per day and 40 hours per week
- Minimum 30-minute meal interval
- Typical working hours start at 09h00 and end at 17h00, Monday to Friday
Overtime
- Employees may work a maximum of 8 hours of overtime per week
Notice Period
- Notice Period Employed between 0 and 1 year- 1 months’ notice
- Employed between 1 and 5 years- 2 months’ notice
- Employed for 5 years or longer- 3 months’ notice
Severance Pay
- Employed between 2 and 5 years- 1 months’ pay
- Employed between 5 and 10 years- 2 months’ pay
- Employed between 10 and 20 years- 3 months’ pay
- Employed for 20 years or longer- 4 months’ pay
Probation Period
- There is no statutory probation period
- It is common to have a probation period of 3 months for standard employees and 6 months for managers
Bonus
- There is no statutory bonus
Public Holidays
Public holidays 2023
- January 1st – Republic Day
- January 6th – Epiphany
- April 7th – Good Friday
- April 10th – Easter Monday
- May 1st – Labour Day
- May 8th – Day of Victory Over Fascism
- July 5th – St. Cyril & St. Methodius Day
- August 29th – National Uprising Day
- July 19th – President’s Day Holiday
- September 1st – Constitution Day
- September 15th – Lady of Sorrows’ Day
- November 1st – All Saints’ Day
- November 17th – Freedom and Democracy Day
- December 24th – Christmas Eve
- December 25th – Christmas Day
- December 26th – St. Stephen’s Day
Leave
Paid Leave / Vacation Days
- Paid leave
- Paid by employer
- 4 calendar weeks
Sick Leave
- Paid leave
- Paid by employer and Social Security
- Unlimited leave
Maternity Leave
- Partially paid leave
- Paid by Social Security
- Standard leave- 24 weeks
- Single mother- 37 weeks
- Multiple births- 43 weeks
Paternity Leave
- Paid leave
- Paid by Social Security
- Standard- 28 weeks
- Single man- 31 weeks
Parental Leave
- Paid leave
- Paid by Social Security
Until child reaches age of 3, extended to age of 5 upon agreement
For long-term health conditions- until child reaches age of 6, extended to age of 8 upon agreement
- Granted to the extent requested by the parent, but usually for at least 1 month.
Adoption Leave
- Paid leave
- Paid by Social Security
- Standard leave- 28 weeks
- Single parent- 31 weeks
- Multiple children- 37 weeks
Bereavement Leave
- Paid leave
- Paid by employer
- 3 days per year
Family Care Leave
- Paid leave
- Paid by employer
- 7 days
Marriage Leave
- Paid leave
- Paid by employer
- 1 day
Start hiring in Argentina today!