Argentina

Individual - Sample personal income tax calculation

Last reviewed - 18 August 2021
Gross to net sample calculation Single Married+2
Salary: ARS 1,500,000
Gross income 1,500,000 1,500,000
Less    
Employee social security:    
Pension contributions (165,000) (165,000)
Health contributions (45,000) (45,000)
Social services (45,000) (45,000)
Personal allowance (103,019) (103,019)
Earned income allowance (494,490) (494,490)
Spouse allowance   (80,034)
Child allowance   (80,723)
Total deductions (852,509) (1,013,266)
     
Net taxable income 647,491 486,734
     
Tax thereon 159,551 103,286
Less employee social security 255,000 255,000
     
Net income 1,085,449 1,141,714