During the announcement of benefits for informal workers made together with President Alberto Fernández, the head of the Treasury pointed out that “The aim is to capture part of that income so that the State can carry out the role it must play, of equitable development, of child poverty and greater social inclusion”.
To do this, in the coming weeks the Government will summon representatives of the business, labor and political sectors to work “on the construction of a mechanism that allows us to be able to capture part of the unexpected income that is not the product of additional investments but the shock of the war,” Guzmán advanced.
What criteria will be drawn
According to the minister’s words, the discussions will take place within the framework of a draft in which a series of criteria are already outlined and which will be put to the consideration of the parties. Roughly, it will seek to implement an aliquot on the unexpected profit component.
Minister Guzmán specified that the criterion “focuses on a set of companies that have high net taxable profit in absolute terms” although he pointed out that this in itself “is not a unique condition, but a necessary condition”.
In particular, the head of the Economy portfolio announced that the real taxable net profits “must be greater than $1,000 million in the year”, which is expected to affect a very small fraction of the entire fabric of the country, leaving out the universe of SMEs. “To give you an idea – he continued -, in 2021 only 3.2% of the companies in our country had (said profit)”.
In addition, other criteria will be considered for the application of the rate. On the one hand, actual taxable net income “must have increased significantly from 2020”Guzman assured. Plus the ordinary result in relation to sales (profit margin), must also be abnormally high.
At the same time, he stated that there will be a series of exceptions for the amount that is applied, since, taking into account that the Government seeks to promote production, they will seek to reduce the rate in the event that unexpected income is channeled towards productive investment. There “the contribution will be less”, confirmed Guzmán.
As Ámbito learned, the numbers that the minister is considering applying as an extra rate would be 15% on top of 35% profit.
In addition, it would cover companies, not human persons and would deductible in case the companies make investment or take personal.
Source: Ambito
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