Self-Employed Workers’ benchmark income

On September 28, 2011 the Federal Tax Authority’s Social Security Resources Division published Resolution No. 3189 in the Official Gazette in order to establish the 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 September, 2011 pay period, to be paid in October, and onwards.

Finally, with the publication of the resolution in question and Resolution No. 448/2011 of the National Social Security Administration, the minimum and maximum taxable bases to determine the amount of contributions destined to the Argentine Social Security System (SIPA) that will be applicable both for dependent workers and self-employed workers, are already determined at AR$ 498.89 and AR$ 16,213.72 respectively.