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Argentina Approves New Individual Income Tax Brackets and Non-Taxable Minimum from 2024

|Approved Changes|Argentina
Argentina

The Argentine tax authority (AFIP) has announced the approval of Law No. 27.725, which was published in the Official Gazette on 6 October 2023 and applies from the 2024 fiscal year. The law amends the Income Tax Law to essentially incorporate the monthly allowance/deduction for employees that was temporarily introduced by Decree 473/2023 (previous coverage), which is equal to 15 minimum wages …

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