Payroll Cycle
Minumum Wage
Overtime Pay
Visa Immigration

Talent Wiki - Argentina

Your quick guide on talent and labor compliance norms in Argentina
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Capital
Buenos Aires
Currency
Argentina Peso
Languages
Spanish, Italian, Arabic, English
Payroll Frequency
Monthly
GDP per Capita
$12,187
Employer Tax
28.41%

Supplementary Guide for Employment and Expansion in Argentina

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 : 128

Universidad Nacional de La Plata

RANKING

Local : 2

World : 377

Universidad Nacional de Córdoba

RANKING

Local: 3

World : 628

Universidad Tecnológica Nacional

RANKING

Local : 4

World : 812

Universidad Nacional de Rosario

RANKING

Local : 4

World : 1097

Salary Data

The average monthly salary of some jobs available in Argentina is as follows:

Job title Average salary (ARS) Average salary (USD)
Financial manager 92,200 796.15
Accounting Assistant 26,200 226.23
Graphic Designer 29,100 251.23
Business Project Manager 56,500 487.78
Human Resource Manager 67,200 580.16

Talent Sourcing Tips

Top Local Job Boards:

Bumeran, ZonaJobs, BuscoJobs

Number of LinkedIn users:

9.40 Million

Top Recruitment Agencies:

Airswift, Esentia, Laborha

Employing in Argentina

Argentina's employment laws are governed by collective bargaining, international treaties, and many other legal statutes. These laws are implemented by the Argentinian national ministry of labor law. 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

Date Name Type
1 Jan New Year's Day National holiday
28 Feb Carnival / Shrove Monday National holiday
1 Mar Carnival / Shrove Tuesday / Pancake Day National holiday
24 Mar Memorial Day National holiday
2 Apr Day of the Veterans National holiday
14 Apr Maundy Thursday National holiday, Christian
15 Apr Good Friday National holiday, Christian
1 May Labor Day / May Day National holiday
18 May Census Day National holiday
25 May National Day/May 1810 Revolution National holiday
17 Jun Commemoration of General Don Martín Miguel de Güemes National holiday
20 Jun Flag Day National holiday
9 Jul Independence day National holiday
15 Aug San Martín Day National holiday
7 Oct Bridge Public Holiday National holiday
10 Oct Day of Respect for Cultural Diversity National holiday
20 Nov National Sovereignty Day National holiday
21 Nov Bridge Public Holiday National holiday
8 Dec Feast of the Immaculate Conception National holiday
9 Dec Bridge Public Holiday National holiday
25 Dec Christmas Day National holiday, Christian

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.

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Minimum Wage

The minimum wage in Argentina with retirement benefits is ARS 38,940 per month.

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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.

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Health Examination Clause

Bonus

13th Month Pay

The 13th month 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
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Taxes

Employer Payroll Tax

Payroll Category Tax %
Pension Fund, Family Allowance, and Social Contributions 19.50%
Health Insurance 6%
Labor Risk Insurance ARS 49.98 + a % of salary depending on risk
Life Insurance ARS 24.35
Total Cost on Employer 25.50% + extra

Employee Payroll Tax

Payroll Category Tax %
Pension Fund, Family Allowance, and Social Contributions 14%
Health Insurance 3%
Total cost on Employee 17%

Employee Income Tax

Tax Income over (column 1) ARS Income Up to ARS Tax rate%
0 97,202 5%
97,202.01 194,404.00 9%
194,404.01 291,606.00 12%
291,606 388,808.01 15%
388,808.02 583,212.01 19%
583,212.02 777,616.01 23%
777,616.02 1,166,424.02 27%
1,166,424.03 1,555,232.07 31%
1,555,232.07 and on - 35%

VAT

The standard VAT rate is 21% and a reduced rate of 10.5% for certain industries.

Offboarding & Termination

Termination Process

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.

Notice Period

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 Pay

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.

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