Home » HR practices » Professional development » Legal developments » National legislation » Argentina: government adds conditions to salary subsidy arrangements Argentina: government adds conditions to salary subsidy arrangements Argentina’s government has decided to place restrictions on the Assistance for Work and Production (ATP) program, one of the main instruments helping companies and workers during the Covid-19 lockdown and pandemic (c.f. article No. 11864). Profiling of businesses from April’s first round of ATP applications has enabled the identification of those benefiting from the program’s measures and these freshly added conditions (ban of dividends paiement or to invest in USD dollars via the stock market etc..) are intended to prevent capital flight at a time when Argentina is structurally short of USD are intended to counter the effects of windfall gains for large company and high salary earner beneficiaries. Through . Published on 27 May 2020 à 12h12 - Update on 21 July 2020 à 14h43 Resources Monthly salaries in excess of ARS 250,000 gross (€3,333) will be excluded from the ATP program, which covers up to 50% of net salaries for workers in companies that have had to stop or severely restrict their operations because of the Covid-19 lockdown.… Managing the fallout of Covid-19 Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.EmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
