As per Argentinan law, the minimum wage in Argentina will increase monthly and up to ARS 156,000 in December 2023.
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How much Project Manager earns in Argentina ?
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USD Per year
$14080
$17210
/yr
(0-2) years of experience
Full-time (40h/week)
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Hiring guidelines in Argentina
- Pay & taxes
- Leave policy
- Termination
- Time-off
- Additional info
Pay & taxes
Leave policy
Termination
Time-off
Additional info
Minimum Wage Requirements
Individual Income Tax
The individual income tax ranges from 5% to 35%. Income tax is calculated [according to progressive rates. Multiple additional factors may impact overall rates such as household status (rent or credit), number of dependents under 18, civil status, and geographical residence location.
Income tax as of January 2023 is:
| Gross Annual Income | Tax Rate (%) |
|---|---|
| Up to ARS - 173,834.61 | 5% |
| Up to ARS - 347,669.23 | 9% |
| Up to ARS - 521,503.84 | 12% |
| Up to ARS - 695,338.47 | 15% |
| Up to ARS - 1,043,007.68 | 19% |
| Up to ARS - 1,390,676.90 | 23% |
| Up to ARS - 2,086,015.35 | 27% |
| Up to ARS - 2,781,353.85 | 31% |
| Over ARS - 2,781,353.85 | 35% |
Payroll Cost
The employer cost is generally estimated at 28% of the employee salary. Argentina maintains very high inflation rates, the fixed amounts may vary from month to month.
- Pension: 12.35%
- Law 19032 (Social Security): 1.58%
- Family allowance: 5.40%
- National employment fund: 1.07%
- Medical Insurance: 6.0%
- Accident Insurance (ART): 1.53% + ARS 200.13 (USD 0.71)
- Life Insurance: ARS 78.36 (USD 0.32)
- Optional health benefit monthly fee: USD 15
- Work from Home Allowance: ARS 11,912.78 (USD 50)
- Salary Bank Account in USD - USD 20 (if applicable)
Private health insurance - estimated USD 50, final cost will be determined during onboarding
One time fees
- Mandatory Wet Ink Employment Agreement Handling Fee - USD 80
- Pre-employment mandatory medical exam - approximately USD 130
Overtime Pay & Maximum Hours
Standard working hours are 8 hours per day, 40 hours per week, with an extra hour per day for the lunch break. The standard work week is from Monday to Friday. However, standard working hours can also be 48 hours.