The Senate Budget and Finance Commission today issued a favorable majority opinion on the project that creates the Simplified and Exchange Regime for Small Technological Taxpayersbetter known as “monotribute tech”establishing a special system for those people who work abroad from Argentina and who want to dispose of their income in foreign currency.
The initiative, which had received half a sanction in the Chamber of Deputies on March 28, enables to charge up to a maximum of 30,000 dollars per month for the export of services without the obligation to settle them in the Single Exchange Market.
What the Monotributo Tech project says
According to the project, those who voluntarily adhere to this special exchange regime must pay the treasury a monthly fee (which includes in a single amount the integrated tax, retirement contributions and social work) according to a scheme of differentiated scales.
According to the scale, category D will be included in those who register income up to 10 thousand dollars per year; in F those who register between 10,000 and 20,000 dollars annually; and in the H those who have up to 30 thousand dollars a year in income.
The current conventional monotribute regime enables up to a maximum of 12 thousand dollars, with which this initiative will extend that ceiling to 30 thousand.
Who does Monotribute Tech reach?
The spectrum of activities achieved by this new figure of Tech monotributistas is wide, and It is not limited only to those included in the Knowledge Economy such as programmers, software developers, video game developers, audiovisual producers, bio and nanotechnology professionals, the aerospace industry and industry 4.0.
It also includes other activities that have an export market such as the one carried out by translators, designers, screenwriters and journalists, to mention some cases of workers who sell services abroad.
And the great novelty is that this “Monotributo Tech” regime also reaches players who develop professional skills in electronic sports or “e-sports”. In the case of this type of subject, the conditions differ since they do not contribute to social security or social work.
The debate in the Senate: currencies and the end of informality
The Chairman of the Budget and Finance Committee, Ricardo Guerra, justified the need to promote the project, of which he said that “it had a wide scope of approval and is demanded by numerous professionals who are in the field of knowledge”.
“It proposes a new consolidated simplified tax regime that contemplates the income tax, value added and also social security contributions and if you want to also incorporate the social work”, detailed.
“It also proposes a new exchange regime that simplifies and allows monotributistas to dispose of their money collected in foreign currency, which in most cases is given, without having to settle them in the free exchange market,” added the man from La Rioja. .
He said, “The objective is to raise foreign currency, something important for the country”and also avoid “the informality of those who provide these services”.
“This encourages tax registration and allows rights to be expanded because they are people who are going to have social work, social security contributions, income that is considered from the formal system and can access credit cards and loans. These people are going to be involved in the increase of their rights”, he considered.
Source: Ambito
