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Reuters
Reuters
Business

Argentina to introduce income tax relief in January

Sergio Massa Argentina Economy
Argentina's Economy Minister Sergio Massa attends a working session on energy and food security during the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 15, 2022. Bay Ismoyo/Pool via REUTERS/File Photo

Argentina's government will raise the floor for income taxes in January, the country's Economy Minister Sergio Massa said on Thursday, amid union demands to ease the burden on workers.

"With this tax relief, in 2023, no worker who earns less than 404,062 pesos (about $2,378 monthly) will pay the tax," Massa said in a tweet.

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