For fiscal year 2022 through the update of the RIPTE, an index that is measured from October to October, which, the last one determined an adjustment of 50.5%, where it was established that $225,937 of gross remuneration who does not exceed this value, do not pay tax to the Profits.
Now, the Minister of Economy, Martín Guzmán, analyzes and recommends that the income tax floor for fiscal year 2022, taking into account the acceleration of inflation in the first 4 months of the year, be 23%, the same as annual inflation, leaving the income tax floor for March of this year at $277,902 according to the recommendation of the Economy portfolio.
Likewise, the alternative calculation proposed by Sergio Massa, which arises from adjusting the RIPTE and the CPI, a mechanism that the economy minister intends, intends that the new minimum Income Tax be adjusted by the number of workers who pay the tax.
We taxpayers believe that neither the one proposed by the president of the Chamber of Deputies nor the Minister of the Economy can be upgraded or benefit the working middle class that continues to lose its purchasing power where their salary is increasingly impoverished. We advise that the new amount of the non-taxable minimum for the fiscal year 2022 of earnings of the dependents is the result of the year-on-year inflation from March 2021 to March 2022, which amounts to 55.1%.
It is about increasing the income tax floor according to the variation in inflation in the last calendar year and not this year, given that the salaries of dependents have been running behind prices in recent years.
In this way, out of 750 thousand dependents who would pay income tax in fiscal year 2022, with the specialists’ proposal, 150 thousand dependents would be taxed, achieving, little by little, eliminating the income tax of the working middle class.
Lawyer Specialist in Labor Law. President of APREA
Source: Ambito
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