According to this information, in addition to the exemption in the supplementary annual salary, the limit is also extended so that the benefited workers in a dependency relationship do not pay income tax.
Massa today reaffirmed his request for the floor of the Earnings Law to be updated immediately through a letter he sent to the Minister of Economy. In the new letter he detailed that, based on an evaluation carried out by the technical teams of the Chamber of Deputies, the workers and retirees reached by the Income Tax increased substantially in the last two months.
The president of the Chamber of Deputies pointed out that, as of February 2022, the number of workers and retirees “retained” by the tax was 742,964 and this amount rose to 847,878 in April, that is, there was a 14% increase in just two months.
Based on these data, Massa proposed that a new updated monthly remuneration floor be made effective immediately to start paying the tax, once again benefiting a large number of taxpayers nationwide, based on the original objective of the measure.
In his usual press conference, Government Spokesperson Gabriela Cerruti said this Thursday that during the past week the head of the Economy and the president of the Chamber of Deputies “have spoken several times” on the subject.
The official criticized the position of the opposition by pointing out that “Others campaigned to end the tax and in four years of government they did nothing”but that the current administration of President Alberto Fernández “committed to raising” the non-taxable minimum of the so-called fourth category “and he complied.”
Two weeks ago, Guzman had deemed the Earnings update “a no-brainer.” “It is obvious that the floor from which workers in a dependency relationship pay Earnings will be updated. It is what the law reasonably establishes so that the benefit to the workers is not lost with inflation, and it is what the Government will execute“The official then told the Télam news agency.
It is worth remembering that today’s request from Sergio Massa to the minister is the second this month. On May 13, the head of Deputies considered that “the current macroeconomic and salary assumptions differ” from those taken into account at the time of the last update. That’s why, requested that “an evaluation of the current impact of the tax on wages and salaries be carried out for the purpose of proceeding to increase Income Tax deductions”.
Source: Ambito
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