As for the freelancersthe approved change will make them pay Profits from higher income, compared to what has been in force until now, since the annual deduction is increased.
What is the profit floor
By decree 298, the increase is from $225,937 to $280,792. In other words, this is the lowest salary reached by Earnings.
How are the maximum billings in the monotax
- Category A, $748,382.07;
- B, $1,112,459.83;
- C, $1,557,443.75;
- D, $1,934,273.04;
- E, $2,277,684.56;
- F, $2,847,105.70;
- G, $3,416,526.83,
- H, $4,229,985.60.
Sale of furniture
- I, $4,734,330.03;
- J: $5,425,770.00,
- K: 6,019,594.89.
These amounts are valid from this month of Julywhich has just begun. Until the 20th, the monotributistas must comply with the second recategorization procedure that there is every year (the first is in January) and to know in which step of the table to locate, they must observe their billing of the last twelve months and compare it with the values of the new table.
- Highest annual turnover allowed in the case of businesses: from $4,662,015.87 to $6,019,594.89
- Increased annual billing allowed for those who provide services: from $3,276,011.15 to $4,229,985.60
(Those who exceed a certain billing amount must go to the more onerous general system, with registration in VAT and Earnings, and with the payment of pension contributions in the self-employed scheme).
How often will there be adjustment of values
The bill gives the Executive Branch the power to decide each year whether or not to update the values in advance. That is to say that from 2023 the unfolding of the readjustment would be made if the Government decides to do so.
Tax component, contributions to retirement and social work
The law does not foresee updating these amounts, for which the figures will be the same as those in force during the first half of the year. When the adaptation of the table in January 2023the parameter for the increase of these amounts will be the accumulated retirement mobility index throughout this year.
who are in the categories A and B will be exempt from paying the tax componentwhich is $288.07 and $555.02 per month, respectively (applies to monotax payers who have no other income).
self-employed
Basic amount of annual billing from which the self-employed are taxed: 1,136,541.78 pesos.
Items “new professionals” or “entrepreneurs”: 1,262,824.20 pesos.
This measure will affect the pockets of around 190,000 taxpayers, who are the ones who pay the tax.
The most recent data from the Argentine Integrated Social Security System (SIPA) indicate that 389,372 self-employed workers made their social security contribution in March.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
