Official sources from Government House reported that the announcement will be formalized today by President Alberto Fernández. The announcement will be made in an act scheduled for 11:30 in the Casa Rosada presidential office, where the Minister of Economy, Martín Guzmán; the president of the Chamber of Deputies, Sergio Massa; and the co-secretary general of the General Confederation of Labor (CGT), Héctor Daer.

The measure comes after the publication of a letter with a request in this regard that the president of the Chamber of Deputies, Sergio Massa, sent to the Minister of Economy, Martín Guzmán. The written words warned that the non-taxable minimum of $225,937 had been delayed due to the evolution of inflation and the pressure on wages.

“We work protecting and alleviating the situation of the workers; and also, as the paritarias are on the rise and improving income, in the case of Earnings we foresee a trigger clause, to accompany the improvements,” Massa said in the letter.

On May 13, Guzmán himself was in charge of confirming that the Income Tax floor for dependent workers will be updated based on the evolution of inflation.

Source: Telam