ARG GVT Supplementary Wage Refund


On Dec. 29, ARG GVT extended supplementary wage refund deadline.


  • ARG GVT issued Resolution 5475/2023, extending supplementary wage refund date.
  • Supplementary Wage
  • In order to mitigate the effects of Covid-19, ARG GVT established the allocation of supplementary wage for workers in relation to dependence on the private sector.
  • General Resolution 5.035 and its amendments established mechanism for refunding the funds received as supplementary wage through declaring the expiry of the benefit.
  • Determined that the voluntary refund of the benefit of assigning the supplementary wage provided for Decree 332/20 could be made up to and including Dec.31, 2021.
  • The original deadline was extended by General Resolution 5,128 until Dec. 31, 2022, and then was extended again by General Resolution 5,311 until Dec. 31, 2023.
  • In view of the experience collected and the number of cases that are still being processed, it is considered necessary to extend deadline until Dec. 31, 2024, inclusive.
  • Effectiveness
  • Provisions enter into force on the day of publication in the Official Gazette.

Regulators ARG GVT
Entity Types Bank; CNSM
Reference OG, Resolution RESOG-2023-5475-E-AFIP-AFIP, 12/29/2023; COVID-19; ESG;
Functions Compliance; Financial; Legal; Product Administration; Risk; Social; Treasury
Countries Argentina
Category
State
Products Banking; Payments
Regions Am
Rule Type Final
Rule Date 12/29/2023
Effective Date 12/31/2024
Rule Id 196474
Linked to N/A
Reg. Last Update 12/29/2023
Report Section International

Last substantive update on 01/01/2024