Government raises the non-taxable minimum from November 1

Government raises the non-taxable minimum from November 1

In addition, he announced that in the week there will be a meeting with the union organizations and with the executive power and the Ministry of Economy to finish ordering the initiative.

“A meeting with the President and the Guilds is missing, but it is defined to advance the rise of the floor, which will be above 330 thousand pesos from the 1st. Of November. We are going to announce it this week after the meeting with the unions”, assured the minister in his first contact with the press after his participation in the recent Annual Assembly of the IMF and the World Bank in Washington, where he also met with his peers from G20 Finance and advanced in debt negotiations with the Paris Club.

The last modification made to the non-taxable minimum was last June 7 after a request from Sergio Massa himself when Martín Guzmán was the Minister of Economy. Until November 1, when that decision becomes effective, the Earnings floor is $280,792 gross monthly.

After a reform approved by Congress at the beginning of 2021, it was determined that the annual update of the floor to be exempt from the tax will be adjusted by the Riptethe average salary variation prepared by the Secretary of Social Security.

Source: Ambito

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