Talent Wiki - Argentina
Your quick guide on talent and labor compliance norms in Argentina
Capital
Buenos Aires
Currency
Argentina Peso (ARS)
Languages
Spanish, Italian, Arabic, English
Payroll Frequency
Monthly
GDP per Capita
$13,621
Employer Tax
28.41%
Talent Overview
Argentina is a developing economy that ranks 2nd highest in Latin America on the Human Development Index. It is an attractive country for businesses to grow and expand due to its economic and political conditions. It benefits from manufacturing, transport, media and communication, science and technology, and the tourism industry. The country has exhibited considerable growth in the internal market size and a growing share of the high-tech sector.
Major economic hubs:
Buenos Aires, Córdoba, Rosario, Mendoza and San Miguel de Tucumán
Skills in demand:
Data Engineer, JavaScript Developer, Data Analyst, E-commerce, Banking, Finance, Insurance, Service Manager, Web designing
Local Universities
The top local universities in Argentina are listed below:
Universidad de Buenos Aires
Ranking
Local: 1
World: 96
Universidad Nacional de La Plata
Ranking
Local: 2
World: 266
Universidad Nacional de Córdoba
Ranking
Local: 3
World: 427
Universidad Tecnológica Nacional
Ranking
Local: 4
World: 480
Universidad Nacional del Litoral
Ranking
Local: 5
World: 1065
Salary Data
The average monthly salary of some jobs available in Argentina is as follows:
| Job title | Average Monthly Salary (ARS) | Average Monthly Salary (USD) |
| Financial manager | 92,200 | 517 |
| Accounting Assistant | 26,200 | 147 |
| Graphic Designer | 29,100 | 163 |
| Business Project Manager | 56,500 | 317 |
| Human Resource Manager | 67,200 | 377 |
Employing in Argentina
Argentina’s employment laws are governed by collective bargaining, international treaties, and many other legal statutes. The Argentinian national ministry of labor law implements these laws. Learn more about the employment conditions and regulations in Argentina below.
Employee Contract:
The official language for employment contracts in Argentina is Spanish.
Probation Period:
The probationary period for employees in Argentina ranges from three to twelve months.
Public and Provincial Holidays 2023
| Date | Holiday | Type |
| 1 Jan | New Year’s Day | National Holiday |
| 24 Mar | Truth and Justice Day | National Holiday |
| 2 Apr | Malvinas Day | National Holiday |
| 7 Apr | Good Friday | National Holiday |
| 1 May | Labour Day | National Holiday |
| 25 May | Revolution Day | National Holiday |
| 26 May | Revolution Day Holiday | National Holiday |
| 19 Jun | Flag Day Holiday | National Holiday |
| 20 Jun | Flag Day | National Holiday |
| 9 Jul | Independence Day | National Holiday |
| 21 Aug | Death of San Martin | National Holiday |
| 13 Oct | Day of Respect for Cultural Diversity Holiday | National Holiday |
| 16 Oct | Day of Respect for Cultural Diversity | National Holiday |
| 20 Nov | National Sovereignty Day | National Holiday |
| 8 Dec | Immaculate Conception | National Holiday |
| 25 Dec | Christmas Day | National Holiday |
Employee Leaves
| Type of leave | Time Period | Mandatory |
| Annual leave/Earned Leave | 14 days | Yes |
| Sick Leave | 120 days | Yes |
| Maternity Leave | 12 weeks | Yes |
Payroll
Payroll Cycle
The payroll cycle followed in Argentina is monthly.
Minimum Wage
Argentina’s minimum wage rate is 8,060 Argentine pesos a month,for a maximum of 192 hours worked per month.
Overtime Pay
Overtime is paid at a rate of 50% unless it’s past 1 pm on Saturday, Sunday, or public holidays, the rate for which is 100%. However, overtime must not exceed 3 hours a day or 30 hours a month.
Bonus
13th Month Pay:
The 13th month’s salary is mandatory in Argentina. They are paid in semi-annual installments – one part due before 30th June and the other part by 18th December.
Employee Benefits:
- Pension Fund
- Life Insurance
- Health Insurance
- Labor Risk Insurance
- Maternity Leave
- Paternity Leave
Taxes
Employer Payroll Tax
| Payroll Category | Tax % |
| Pension Fund | 18% or 20.4%* |
| Social Health Care Plan | 6% |
*Note: The rate is increased to 20.4% for companies whose main activity consists of rendering services or commerce, provided the amount of their total annual sales exceeds the amount to be considered a small and medium-sized enterprise (SME).
Employee Payroll Tax
| Payroll Category | Tax % |
| Pension Fund | 11% |
| Social services institute for pensioner | 3% |
| Social Health Care Plan | 3% |
Employee Income Tax
| Taxable income (ARS) | Tax on column 1 (ARS) | Tax on Excess (%) | |
| Over (column 1) | Not over | ||
| 0 | 173,834.61 | – | 5 |
| 173,834.61 | 347,669.23 | 8,691.73 | 9 |
| 347,669.23 | 521,503.84 | 24,336.85 | 12 |
| 521,503.84 | 695,338.47 | 45,197.00 | 15 |
| 695,338.47 | 1,043,007.68 | 71,272.19 | 19 |
| 1,043,007.68 | 1,390,676.90 | 137,329,34 | 23 |
| 1,390,676.90 | 2,086,015.35 | 217,293,26 | 27 |
| 2,086,015.35 | 2,781,353.85 | 405,034.64 | 31 |
| 2,781,353.85 | and on | 620,589.58 | 35 |
VAT
The standard VAT rate is 21% and a reduced rate of 10.5% for certain industries.
Offboarding & Termination
Termination in Argentina can take place with few restrictions.
The employer must notify the termination of the employee in writing. An employer is required to give a minimum of 15 days to 2 months notice period of dismissal, while an employee must give 15 days notice for resignation.
An employer can terminate the contract on mutual agreement, a just cause, or grounds of misconduct and would not be required to give any notice period or payment in this case.
The notice period for employees during the probationary period is from 15 to 30 days, while for permanent employees, it ranges from 15 to 60 days.
Severance payment for those employees who are dismissed without a just cause is equivalent to one month’s salary on each year of service, or a fraction of a year exceeding 3 months.
According to the statutory law of Argentina, severance payment for employees dismissed for redundancy is equivalent to half of the payment as per.
No severance payment is due for dismissals with just cause.
Visa and Immigration
Employees working for more than 90 days in Argentina need a 23A or 23E visa.
