The measure comes after the publication of a letter with a request in this regard that the president of the Chamber of Deputies, Sergio Massa, sent to the Minister of Economy, Martín Guzmán.
The spokeswoman for the Presidency, Gabriela Cerruti, said yesterday at her usual weekly press conference that Massa and Guzmán “have talked in recent days” about it and that yesterday the legislator “insisted on the issue” for the adequacy of the floor, which will be announced today.
Sources from the Palacio de Hacienda told Télam that the draft decree that is being promoted to update the cap, from which the tax on the Income of human persons is taxed, “includes the updating of the special deduction in the two sections provided for in the original law according to the updated salary projections and, in addition, the exemption of the first and second installments of the complementary annual salary, for that universe of taxpayers, given that the measure will enter into force in the month of June”.
“That is to say, in addition to the exemption in the complementary annual salary, the limit is also extended so that the benefited dependent workers do not pay income tax,” the same sources specified.
The letter sent by Massa to Guzmán warned that the non-taxable minimum of $225,937 had been delayed due to the evolution of inflation and the pressure on wages.
On May 13, the same day that he received the letter from Massa, Guzmán himself was in charge of confirming that the floor of the Income Tax for dependent workers will be updated based on the evolution of inflation.
In his second letter to Guzmán, Massa reiterated his request for an immediate update of the non-taxable Earnings minimum, after an evaluation carried out by the technical teams of the Chamber of Deputies, from which it can be deduced that “the workers and retirees reached have increased substantially in the last two months.
In this regard, he indicated that in February the number of workers and retirees reached by the tax was 742,964 and that in April it had risen to 847,878, with a 14% increase in two months.
In 2021, the salary floor of $150,000, later adjusted to $175,000, allowed 1.5 million workers to stop paying Earnings.
Then, due to inflationary variations, the power was again delegated to the Executive Branch to increase tax deductions during fiscal year 2022.
Source: Ambito
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