They formalize the rise of the Earnings floor to $330,000

They formalize the rise of the Earnings floor to 0,000

Increase the amount of remuneration and/or gross creditprovided for in subsection z) of article 26 of the Income Tax Law, text ordered in 2019 and its modifications, to THREE HUNDRED AND THIRTY THOUSAND PESOS ($330,000) monthly, inclusive”, states article 1 of the standard.

The decision to raise the floor from which income tax begins to be taxed -which currently reaches salaries greater than $280,792 gross and will become $330,000- had been announced last Tuesday by Massa.

Within the framework of an act that he led in Santiago del Estero, the head of the Palacio de Hacienda indicated that the measure will benefit “almost 380 thousand workers“.

“For maintain purchasing power of the workers we are going to raise the Income Tax floor from November to $330,000,” he later said through the social network Twitter.

The national deputy of the Front of All Sergio Palazzo presented on Thursday a project to bring the minimum non-taxable Earnings to the equivalent of five family baskets or ten minimum, vital and mobile wages. This “would make wages of up to $641,070 exempt from paying earnings,” according to the bill.

Earnings were also at the center of the discussion this week for the inclusion in the Budget 2023 of the article to include the Judiciary within the tax regime and an article that allows truck workers not to pay the Income Tax for the additional ones they receive as prizes, travel expenses and food.

Source: Ambito

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