2024-06-25-KPMG_Global-Argentina_–_Social_Security_Agreement_Signed_with_Switzerland_3页_234kb

报告摘要

Date and Event: On May 27, 2024, Argentina and Switzerland signed a new Social Security Agreement (SSA).
Entry into Force: Requires written notifications from both parties to comply with domestic legal procedures. The agreement will legally take effect on the first day of the third month after the last notification is received.

Purpose: To promote worker mobility between the countries by eliminating double social security taxation on the same earnings and addressing gaps in benefit protections for workers with careers split between Argentina and Switzerland.
Mechanism: As a totalization agreement, it ensures that workers contribute to and benefit from the social security system of one country at a time, covering all their career periods.
Expected Impact: Helps boost cross-border business, employee assignments, and travel between Argentina and Switzerland.
Context: This is the first Social Security Agreement for both nations. Argentina previously had SSAs with Belgium, Slovenia, Spain, France, Greece, Italy, Luxembourg, and Portugal.
Practical Notes: Until the SSA is in force, existing domestic laws govern social security rules. Currently, double taxation is uncommon due to practices where assignees often resign or take unpaid leave.