Argentina’s Labor Ministry published its employment data for 2017, which revealed a slight upturn by way of a 2.2% annual increase in the number of employed as well as a dramatic increase in the number of self-employed, or Monotributistas continuing the trend of recent years.
98,300 additional Monotributistas came onto the market in 2017, marking an increase of 6.6% as compared with the previous year. The Monotributo status was first created in the 1990s specifically for small businesses as a way of streamlining their administrative burden,” recalled Luis Campos, researcher and member of the social rights observatory of the CTA-Autonóoma union. It is a simplified status with a low tax rate (mono tributo) that does away with the need for accountants and the...
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