Macroeconomy/Finance

The tax rate is up to 58.7% of the workers’ income

The work carried out by the Argentine Institute of Fiscal Analysis (Iaraf) explains that a formal salaried worker in Argentina should work between 181 and 214 days in 2020 to comply with the tax obligations of the three levels of government, depending on their income. By August 1, the national, provincial and municipal levels will have taken up 58.7% in the higher income bracket.

Source: La Nación

Categories: Macroeconomy/Finance