Argentina: Relief for employers, social security contributions (COVID-19)

Argentina: Relief for employers (COVID-19)

An emergency assistance program has been established to provide relief for employers economically affected by the coronavirus (COVID-19) pandemic.

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Decreto 332 (Spanish) was published in the official gazette on 1 April 2020 and provides for the creation of the emergency assistance program for jobs and production. Among the benefits available under the program are the following items:

  • Postponement of the payment of employer contributions to the Argentine Integrated Social Security System (SIPA)
  • A reduction of up to 95% of the payment of employer contributions for the SIPA
  • Part of wages to be covered by the National Social Security Administration (ANSeS)

Among the requirements that must be satisfied to have access to these benefits, there must be evidence of economic activities that have been “critically affected,” of a significant percentage of employees who cannot provide services, and of a substantial reduction in sales after 20 March 2020.

Read an April 2020 report [PDF 627 KB] prepared by the KPMG member firm in Argentina


For more information, contact a KPMG tax professional in Argentina:

Hernán Caire | +54(11) 43 165 737 | hcaire@kpmg.com.ar

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

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