Home » Salaries of up to $880,000 will not pay Earnings on the bonus

Salaries of up to $880,000 will not pay Earnings on the bonus

by drbyos

He half of this month’s bonus will be exempt from the payment of Earnings for gross wages of up to $880,000. The The national government’s decision was formalized through Decree 316/2023, published this Friday in the Official Gazette.

Also, the The Executive Branch established that withholding agents must proceed to return the amounts withheld in excess in fiscal year 2023for the application of this Decree.

How many workers will the measure benefit?

This way, They will have to prepare an additional settlement in order to calculate the amounts and proceed to their reimbursement, in two equal and consecutive monthly installments, together with the payment of the remunerations accrued for June and July 2023.

According to the official text, the benefit derived from the provisions of this Decree must be externalized in the salary receipts using the legend «Income Tax Exemption – Complementary Annual Salary 2023«.

At the same time, the AFIP was authorized to make the necessary regulatory adjustments for the application of this adjustment. This measure will benefit more than half a million workers across the country.

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