The deduction for educational expenses was set at $20,786.80, as can be seen from subsection 2 of article 1 of the resolution, which indicates that the amount “operates up to the limit of 40% of the amount of the non-taxable income established in subsection a) of article 30 of the tax law “of Profits, ordered text of 2019, which set that amount at $ 51,967.
Article 99 of Law 27,701 on the Budget for the current year established “a deduction of the sums for services for educational purposes and tools for such purposes, duly accredited, that the taxpayer pays for those who are family responsibilities and for their children of legal age and up to 24 years of age , inclusive“, in the latter case “to the extent that they pursue regular or professional studies of an art or trade, which prevents them from providing themselves with the necessary means to sustain themselves independently.”
In the case of long-distance automotive transport, workers included in the Collective Bargaining Agreement 40 of 1989, the deduction to be computed may not exceed the amount resulting from increasing the non-taxable minimum four times.
The modification implies tenfold the deduction that benefits carriers, taking into account that in the previous rule the ceiling was up to a maximum of 40% of the non-taxable profit.
The AFIP indicated that in the fiscal period in which the calculation of the deduction is made, the beneficiary of the income must enter, through the service “Registration and Update System of Income Tax Deductions (Siradig)-Worker”, the data requested and enter the invoice data requested by the system.
Source: Ambito
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