March 28, 2017
Wednesday, November 14, 2012

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

President Cristina Fernández de Kirchner
President Cristina Fernández de Kirchner

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.

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Tags:  workers  income tax  christmas bonus  president  cristina fernández de kirchner  

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