Modification to the cap of the employee’s contributions under labor relationship

By Resolution No. 298/2016, published in the Official Gazette on September 5, 2016, the Social Security Authority modified the minimum and maximum taxable bases to determine the amount of contributions destined to the Argentine Social Security System (SIPA), which were determined at AR$ 1.969,12 and AR$ 63.995,73 respectively, as from the September 2016 pay period.