Decree 620/2021: Earnings Tax Law modification of the non-taxable minimum

Dear Industrialists,

We inform you that the Executive Branch published today Decree 620/2021 that modifies the Non-Taxable Minimum of Income Tax. The regulations establish that those who receive a gross salary of less than $175,000 will be exempt from paying the tax. In addition, workers whose average remuneration for the second half of the year does not exceed $175,000 will also not have to pay Earnings for their bonus to be collected in December (in this sense, the AFIP will not take into account the rule of the highest semi-annual remuneration received for cobrar the Supplementary Annual Salary (SAC), but will consider the average salary of the last 6 months so that the SAC does not tax Earnings.). This measure will apply to monthly gross remunerations and/or salaries accrued from September 1, 2021, inclusive.

We share the attached regulations and remind you that any queries can be channeled through the ADIMRA Single Window (VUA) through the following link: Tax Advice - ADIMRA Single Window

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