|Payroll Frequency||Monthly and payment must be within the first 4 days of the following month with hourly workers being entitled to payment on a weekly basis.|
|VAT||21% standard rate|
Employer of record Services
TopSource offers complete payroll, EOR and contractor management services for Argentina. TopSource provides Employer of Record services to global companies establishing a presence in Argentina that do not wish to be burdened with the complications of Argentina employment regulations.
TopSource serves as an outsourced Global Employment Solutions provider. We provide comprehensive employment services such as payroll, payroll related compliances, leave and attendance administration, HR management, and assistance with employer compliances.
If you have an established presence in Argentina, our payroll bureau services are available. But if you are seeking to avoid the complications of a subsidiary—or wish to establish a presence quickly an convert to a subsidiary later—our EOR service is ready to support you today.
Services we offer
|• Payroll bureau solutions for your Argentina entity|
|• Employment solutions/leasing||• Providing documents associated with employment|
|• Employee on-boarding process and documentation||• Monthly salary calculation|
|• Salary disbursement to employee’s account||• Pay slip generation (If applicable)|
|• Employee statutory benefits administration and deduction|
|• Foreign exchange and money transfer services for payment of employees and 3rd parties|
Company formation in Argentina
We can help with company registration, company incorporation along with all the necessary documentation in Argentina. We can also assist foreign companies to smoothly setup a company anywhere in Argentina.
- Minimum Wage
The minimum wage is 15,625 pesos per month and is set to rise to 16,875 pesos per month.
Employer Payroll Tax 11.07% – Integrated Pension System (SIPA) 6% – Payment of Social Work 1.62% – Public health insurance agency (PAMI) 4.83% – Family Allowance Subsystem 0.98% – National Employment Fund 24.5% – Total Employment Cost Employee Payroll Taxes 11% – Integrated Pension System (SIPA) 3% – Payment of Social Work 3% – National Institute of Retirees and Pensioners (INSSJP) 17% – Total Employee Cost Employee Income Tax 0% Until 33,039 9% 33,039 – 66,079 12% 66,079 – 99,119 15% 99,119 – 132,159 19% 32,159 – 198,238 23% 98,238 – 264,318 27% 264,318 – 396,477 31% 396,477 – 528,636 35% 528,636 and Over
Working HoursThe standard work week is 8 hours per day and 48 hours per week. Night workers (9pm-6am) are considered full time at 7 hours per 24 hours. If an employee is working in unhealthy or dangerous conditions, they are considered a full-time worker at 6 hours per day or 36 hours per week.
13th SalaryAll employees are entitled to a 13th salary this can be paid in two instalments, one prior to June 30th and the other before December 18th.
Maternity LeaveMaternity leave is a total of 90 days. 45 days before birth and 45 days post birth is how leave is typically divided, but not required. However, at least 30 days must be taken before birth.
Paternity Leave/Parental LeaveFathers receive 2 days of paid leave.
No provisions exist for parental leave.
Marriage Leave: 10 days
OvertimeOvertime hours are capped at 3 hours every day, 30 hours every month, or 200 hours every year. Employees receive an additional 50% for overtime work and an additional 100% for working during holidays or after 1pm on Saturdays.
Bereavement LeaveEmployees are entitled to 3 days leave if a wife, child or parent die and 1 day for the death of a sibling.
Examination for university or secondary school: 2 days at a time (with cap of 10).
Social SecurityContributions towards social security are paid towards retirement, family allowance, public health insurance agency (PAMI), and the national employment fund.
The minimum non-taxable amount for the payment of employer has been 15,810.81 pesos since January 2020.
• Argentine Integrated Pension System – 11.07%
• PAMI – 1.62%
• Family Allowance (AAFF) – 4.83%
• National Employment Fund – 0.98%
Total to social security scheme 18.50%
To the National Social Work Regime
• Social work – 6%
Total Contributions – 24.5%
• Argentine Integrated Pension System – 11%
• PAMI – 3%
• Social work – 3%
Total Contributions – 17%
Pension FundThe Argentine Integrated Pension System (SIPA) is in charge of the country’s Pension fund.
Universal Pension for the Elderly (PUAM) – for those 65 or older who are either Argentine, naturalized with 10 years of residence, or a foreigner with 20 years of residency.
Men who are 65+ years old and women who are 60+ years old who have made at least 30 years of contributions are entitled to be covered by the old age pension. Contributions for employees of hazardous or unhealthy conditions is reduced by ten years.
Employers contribution – 11.07%
Employees contribution – 11%
Paid Time Off/Notice PeriodWhen an employee has been working for a business for anytime between 6months to 5 years they must have a minimum of 14 days holiday. This minimum time is increased to 21 days of holiday when the employee has been working for the same company for 5-10 years and the time is increased again to 28 days when the worker has been there for 10-20 years and the minimum holiday is capped at 35 days when an employee has worked at the same company for over 20 years.
Notice Period: Written notice 15 days in advance.
Termination Process/Severance PayEmployers can terminate workers on grounds of worker misconduct, or economic grounds. If without cause, employers must provide notice of: 15 days for employees of less than 3 months, 1 month for employees of up to 5 years, and 2 months for employees of more than 5 years. Severance pay can be provided in lou of notice.
For every year employed at the company the employee is entitled to one month of wages. If appropriate notice was not given, additional payments will be provided. For 3 months or less of employment: 0.5 months’ salary, for 3 months – 5 years: 1 months’ salary, and for over 5 years: 2 months’ salary.