Argentina: Emergency assistance jobs program updates (COVID-19)
Argentina: Emergency assistance jobs program updates
Relief in the form of an emergency assistance employment or jobs program is available in response to the coronavirus (COVID-19) pandemic.
- Decisión Administrativa 591/2020 (Spanish) issued by the Chief of the Cabinet of Ministers and published in the official gazette on 21 April 2020, sets forth the criteria to be followed with regard to grants of benefits under an emergency assistance program for jobs and production. The program was established by Decreto 332, and provides that the government will assume responsibility for part of the wages paid by an employer to its workers and employees. For an employer to be eligible to claim benefits under the program, its revenue for the period between 12 March 2020 and 12 April 2020 must be lower than or equal to the amount of revenue for the same period in 2019. For employers with more than 800 employees, there are additional requirements—e.g., the employer cannot make dividend distributions and cannot engage in certain financial transactions for a fiscal year period, starting from November 2019.
- Decisión Administrativa N° 524/2020 (Spanish) issued by the Chief of the Cabinet of Ministers and released 18 April 2020, extends the list of activities allowed during the quarantine period, to include production for export and certain specific industrial processes that have both received prior authorization from the Ministry of Productive Development.
- Resolución General 4702/2020 (Spanish) published 21 April 2020, extends the deadline to register for the benefits of the emergency assistance program for jobs and production established by Decreto 332 until 23 April 2020.
- Resolution 100 of the Ministry of Internal Trade, published 20 March 2020, establishes a “price freeze” for consumer products, effective retroactively as of 6 March 2020. Likewise, all the companies involved in the supply chain are required to increase their production and operations to the maximum of their capacity. The resolution is valid for 30 calendar days, beginning 20 March 2020, but can be extended.
For more information, contact a KPMG tax professional in Argentina:
Hernán Caire | +54(11) 4316 5737 | firstname.lastname@example.org
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