Although it is very difficult to establish the gross fiscal cost of the measure, the impact can be measured, for example, every $10,000 million, until the end of the year.
A study of Argentine Institute of Fiscal Analysis (IARAF) specified that on that amount the National Treasury gives up $4,024 million, while the provinces and the City of Buenos Aires give up $5,976. In the event that, for example, the reduction is $20,000 million, they are doubled.
According to the percentages of co-participation of each jurisdiction, it is logical that the greatest loss will be for the province of Buenos Aires, which for every $10,000 million lost will have about $1,246 million less in the remainder of 2022. Santa Fe and Córdoba follow as the injured parties yielding $507 and $504 million, respectively.
The payroll continues with: Chaco $283 million, Entre Ríos $277 million, Tucumán $270 million, Mendoza $237 million, Santiago del Estero $234 million, Salta $218 million, Corrientes $211 million, Formosa $207 million, San Juan $192 million, Misiones $187 million, Jujuy $161 million, Catamarca $156 million, Río Negro $143 million, City of Buenos Aires $140 million, San Luis $130 million, La Rioja $118 million, La Pampa $107 million, Neuquén $99 million, Chubut $90 million, Santa Cruz $90 million and Tierra del Fuego $70 million.
After a series of claims by the president of the Chamber of Deputies, Sergio Massa, to Guzmán, the Government announced last Friday the update of the non-taxable minimum to apply the income tax.
At Casa Rosada, the president Alberto Fernandez received the Tigrense, the Minister of Economy and the members of the CGT triumvirate: Héctor Daer, Pablo Moyano and Carlos Acuña.
After the meeting, the increase in the floor of the Income Tax was announced, for the fourth category, to $ 280,792, which will take effect from June 1. It was also reported that next month’s bonus will be exempt from tax discounts.
Source: Ambito
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