Invoking the controversial DNU 70/2023 and through another Decree of Necessity and Urgency (decree 194/2024), The national government has reduced income limits which entitle formal workers to collect family allowancessuch as family salary per child, pre-natal and annual school aid, among others.
The new DNU reduced the individual limit for receiving child benefits from $1,980,000 to $1,077,403 and the household income ceiling is between $3,960,000 and $2,154,806.
In the foundations of the DNU it is said that the country is going through “A situation of unprecedented gravity, which generates profound imbalances which negatively impact the entire population, especially on a social and economic level” and that for this reason the “DNU 70/2023 has declared a public emergency in economic, financial, fiscal, administrative, pension, tariff, health and social matters until to 31 December 2025.”
The now revised $1,980,000 cap was established based on the 15 minimum, living and moving wages (SMVM) to be covered or not by income tax.
On the other hand, now the DNU n. 194/2024 establishes that “the new income limit of the family group which determines the collection of family allowances It was calculated by applying the mobility corresponding to the month of December 2023 and that established for the month of March 2024 on the value corresponding to the month of September 2023.”
In September 2023, the earnings cap was $700,875. To this value is added the mobility of December (20.87%) and March (27.18%), which gives 1,077,403 dollars. And for father and mother it amounts to $2,154,806, even if one of them receives the family salary as long as it does not exceed the individual limit.
So far, for example, the family wage per child was $20,661, $13,934, $8,426 and $4,345, according to the total family income up to the limit of $3,960,000, with different values for some provinces and localities.
In March these values increased by 27.18%, but the ANSeS must establish the new family income brackets based on the reduction of the limit.
Family allowances are, among others, for birth, adoption, prenatal, child, child with disability. And it is granted to Workers with a relationship of dependence, to the holders of the benefit of an Insurance Company against Labor Risks (ART) who are not in a relationship of dependence, to pensioners and retirees of the Argentine Integrated Pension System – ANSeS and to the holders of the South Atlantic War Veterans’ Honorary Pension.
SN
Source: Clarin
