Revision of Self-Employed Workers’ benchmark income and the minimum and maximum taxable bases to determine the amount of contributions destined to the Argentine Social Security System

On March 29, 2012 the Federal Tax Authority published General Resolution No. 3305 in the Official Gazette in order to establish the new values of the benchmark income for the calculation of self-employed contributions.

The new reference incomes are determined by Section 1 of the resolution and will be in force from the March 2011 pay period, to be paid in April, and onwards.

Additionally, with the publication of the resolution in question the minimum and maximum taxable bases to determine the amount of contributions destined to the Argentine Social Security System (SIPA) were modified and determined at AR$ 586,79 y AR$ 19.070,55 respectively, as from the March 2011 pay period.