translated from Spanish: Last day of enrollment in the wage assistance program

This Tuesday expires the enrollment deadline for the Emergency Work and Production Assistance Program (ATP) for employers who require the grant for the payment of employer contributions and May salaries.

Today is the last day to apply for this financial aid plan. The requirement also includes companies that have already completed the procedure last month. The Federal Public Revenue Administration (AFIP) reported that firms will need to re-enter with a tax key on the agency’s website and complete the data of all who will be beneficiaries. Employers must report a Uniform Banking Key (CBU) for each of their workers through the «Registral Simplification» web service, although it does not need to be a paid account, but can be any valid bank account where the employee is listed as the holder or co-owner.

According to Mercedes Marcó del Pont, more than 300,000 employers have already registered to enter the program in June, according to the mercedes. It is expected to provide payment for a portion of the salary of more than 3 million people. The benefit shall be the equivalent of 50% of the sum of the net wages for the month of February 2020 which may not be less than the equivalent of a minimum, living and mobile wage ($16,875) or greater than the sum equivalent to two minimum, vital and mobile wages ($33,750).

Finally, once the registration period is over, the agency will assess the benefits that each company will be able to access in accordance with the expected access criteria, which include developing one of the activities covered by the regulations and a variation of no more than 5% in the comparison of turnover between April 2019 and April 2020.This will be the second consecutive month in which the State will provide assistance to private companies by paying half of nearly one million wages and the reduction of employer contributions, as a measure to alleviate the effects of quarantine by the coronavirus pandemic. In this note:

Original source in Spanish

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