Workers exempt from paying income tax on year end bonus, CFK announces

President Cristina Fernández de Kirchner announced that workers who earn up to a gross monthly salary of 25,000 pesos will not pay for income tax on their annual year end bonus, during a televised speech. Also added that Antonio Caló-led CGT will discuss a hike on the income tax floor in 2013.

The Head of State President also mentioned that the Government will consider a hike on the income tax floor in 2013 and called for the newly-formed Central Labour Confederation led by political-ally Antonio Caló to participate in the negotiations.

Fernández de Kirchner also stressed the fact that over 9 million people will be exempt from paying the income tax on their Christmas bonus, thus representing 98.12 percent of registered workers.

The increase of the income tax floor is a long-standing claim led by the CGT Labour Confederation headed by Hugo Moyano, a former close ally of the Government, but also of the dissident CTA umbrella union as well the new CGT led by Government-pointed Caló.