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
- Argentina, officially known as the Argentine Republic (República Argentina), is a country in South America
- It spans an area of 2,780,400 km2 (1,073,500 mi2) and has a population of approximately 45,897,988
- Argentina ranks 31st (2021) by nominal GDP and 28th by PPP (2021)
- Argentina is a regional power, and retains its historic status as a middle power in international affairs
- It is a developing country that ranks 46th on the HDI
Why Employ In Argentina?
- The main exports from Argentina are agricultural products with cereals, fats and oils, beef and dairy products
- 15.19% of the population is between the ages of 15 and 24 years, with 39.6% of the population being between the ages of 25 and 54. Argentina has a fairly youthful population, making it a favourable country to employ young, energetic employees
Overview Of The Labour Law
- The main sources of labour law includes the Employment Contract Act, the Workday Act, the Collective Bargaining Act and the Argentinian Constitution
- The labour laws provide rules regarding working hours, pay during sick leave, overtime payments, annual vacations and severance compensation
- The Argentinian labor laws are pro employee, designed to protect the rights of employees
Fun Country Facts
- Argentina produced the world’s first animated feature film in 1917
- The first-ever use of fingerprinting for identification occurred in Argentina in 1892
- Pope Francis used to work as a nightclub bouncer in Buenos Aires
Why Use Playroll Services For Argentina?
- Employing in Argentina requires companies to have their own legal entity in the country as well as managing payroll, employee benefits, taxes and legal compliance. This can get quite complicated, especially with the complexity of employment laws in Argentina
- 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.
Life Insurance
ARS 37.21 per month
Social Security
Calculated on a minimum salary of ARS 7,006.68 per month
Retirement and pension scheme
10.78%
National insurance of social service for retirement and pension
1.59%
1.59%
Family allowance and National employment fund
5.64%
5.64%
Social Support Programs
6.00%
Work Risk Insurance
3.61% + ARS 100.00 per month
Employee Contributions
These are costs incurred by employees that reduce their monthly gross salary and/or bonus to determine their net “take home” pay.
Pensioner's Healthcare Fund
3.00%
Pension Fund
Calculated on a minimum salary of ARS 10,989.91 and a maximum salary of ARS 3,571,66.98 per month
11.00%
Medical Care
Calculated on a minimum salary of ARS 10,989.91 and a maximum salary of ARS 3,571,66.98 per month
3.00%
Income Tax
Income Tax is ‘Pay As You Earn’
0.00 – 64,532.64
5.00%
64,532.65 – 129,065.29
ARS 3,226.63 + 9.00% on excess above ARS 64,532.64
129,065.30 – 193,597.93
ARS 9,034.57 + 12.00% on excess above ARS 129,065.29
193,597.94 – 258,130.58
ARS 16,778.49 + 15.00% on excess above ARS 193,597.93
258,130.59 – 387,195.86
ARS 26,458.39 + 19.00% on excess above ARS 258,130.58
387,195.87 – 516,261.14
ARS 50,980.79 + 23.00% on excess above ARS 387,195.86
516,261.15 – 774,391.71
ARS 80,665.80 + 27.00% on excess above ARS 516,261.14
774,391.72 – 1,032,522.30
ARS 150,361.06 + 31.00% on excess above ARS 774,391.71
1,032,522.31 or more
ARS 230,381.54 + 35.00% on excess above ARS 1,032,522.30
Employment Terms
General
Minimum Wage
- ARS 33,000.00 per month
Working Hours
- Maximum of 8 hours per pay and 48 hours per week
- Employees are entitled to a minimum rest break of 2 hours
- Typical working hours are 8.30am to 12.30pm and then 4pm to 8pm
Overtime
- Maximum of 3 overtime hours per day and 30 overtime hours per week
Notice Period
- Employed between 0 and 3 months- 15 days’ notice
- Employed between 3 months and 5 years- 1 months’ notice
- Employed for 5 or more years- 2 months’ notice
Severance Pay
- 1 month’s salary for each year of service, or fraction of year exceeding 3 months
Probation Period
- 3 months
Public Holidays
Public holidays 2022
- January 1st – New Year’s Day
- February 28th – Carnival / Shrove Monday
- March 1st – Carnival /Shrove Tuesday
- March 24th – Memorial Day
- April 2nd – Day of the Veterans
- April 14th – Maundy Thursday
- April 15th – Good Friday
- May 1st – Labour Day / May Day
- May 18th – Census Day
- May 25th – National Day
- June 17th – Commemoration of General Don Martín Miguel de Güemes
- June 20th – Flag Day
- July 9th – Independence Day
- August 15th – San Martin Day
- October 10th – Day of Respect for Cultural Diversity
- November 21st – National Sovereignty Day
- December 8th – Feast of the Immaculate Conception
- December 25th – Christmas Day
Leave
Paid Leave / Vacation Days
- Paid leave
- Paid by employer
- Employed for less than 5 years- 14 days
- Employed between 5 and 10 years- 21 days
- Employed between 10 and 20 years- 28 days
- Employed for 20 or more years- 35 days
Sick Leave
- Paid leave
- Paid by Social Security and employer
- Employed for less than 5 years with no dependents- 3 months
- Employed for 5 or more years with no dependents- 6 months
- Employed for less than 5 years with dependents- 6 months
- Employed for more than 5 years with dependents- 12 months
Maternity Leave
- Paid leave
- Paid by Social Security
- 90 days
Paternity Leave
- Paid leave
- Paid by employer
- 2 days
Study Leave
- Paid leave
- Paid by employer
- 10 days
Bereavement Leave
- Paid leave
- Paid by employer
- Death of a spouse, child or parent- 3 days
- Death of a sibling- 1 day
Marriage Leave
- Paid leave
- Paid by employer
- 10 days
Start hiring in Argentina today!