Argentina to give workers income tax relief from November By Reuters

© Reuters. FILE PHOTO: Argentina’s new Economic system Minister Sergio Massa attends a information convention after being sworn in, on the Economic system Ministry in Buenos Aires, Argentina, August 3, 2022. REUTERS/Matias Baglietto/File Picture

BUENOS AIRES (Reuters) – Argentina’s Economic system Minister Sergio Massa mentioned on Sunday the federal government will give employees tax reduction from November by elevating the edge at which revenue tax is charged, because the nation battles with hovering inflation.

“It would take impact from Nov. 1, will probably be above 330,000 pesos ($2,176),” Massa mentioned in an interview with Radio Rivadavia, referring to month-to-month revenue. The transfer ought to assist alleviate the burden confronted by employees, he added.

($1 = 151.6700 Argentine pesos)

Originally published at Gold Coast News HQ