The Ministry of Economy is now focusing on measures to prop up consumption with the aim of sustaining the level of activity (which is threatened by the impact of the drought), mitigating the impact of inflation and facing the upcoming electoral period. Yesterday, Sergio Massa announced that in the first installment of the complementary annual salary, better known as aguinaldo, gross salaries of up to $880,000 will be exempt from the payment of Income Tax. For today he prepares announcements focused on the monotribute: a change in the system, with a 41.5% increase in the billing ceilings of the scales and credits at subsidized rates. The measure aimed at half a Christmas bonus for June will benefit more than half a million workers throughout the country, official sources said. The Decree Project increases the exemption of subparagraph z of article 26 of the Income Tax Law, which implies that the complementary annual salaries will be exempt from Income Tax if the worker’s monthly remuneration does not exceed $880 thousand gross, which is equivalent to 10 times the Minimum Vital and Mobile Salary (SMVM).
“This is a one-time extraordinary benefit for workers who pay Income Tax, with the aim of rebuilding purchasing power and projecting that this improvement in pocket wages translates into greater consumption and economic activity,” they said. from the economic portfolio.
The measure benefits 513,000 workers throughout the country who are subject to Income Tax withholdings and register monthly gross wages of between $506,230 and $880,000. Thus, more than 50% of the workers who today pay the Income Tax are reached by the benefit.
In Economy they indicated that the decision will imply an average pocket improvement per employee that exceeds $112,600 and an increase over the average monthly pocket salary of 26%.
In the case of the bonus, the tax withholding is calculated month by month. For this reason, the measure proposes to return what was withheld for these salaries in two equal and consecutive monthly installments, together with the collection of monthly salaries earned in the months of June and July. For this, employers must display the return in a separate line of the salary receipt, clearly identifying the benefit of the measure.
monotribute
Today will be the turn of an announcement for monotributistas. On the one hand, as of July, the billing levels of the monotributo would increase by 41.5% on the scale managed by the AFIP. The monthly fee would not suffer without changes. With the updating of the limits in each category of the monotributo, the maximum income that allows to be in the simplified regime will also be adjusted.
Thus, the gross income allowed to be in this tax scheme, which was delayed in the face of growing inflation, would reach $7,996,486 for service providers and $11,379,615 if it is a question of taxpayers dedicated to the trade of personal property. The increase of 41.5% is equivalent to the increase that, according to the mobility formula, retirements have this year.
The increase in scales occurs in July precisely because it is the month where monotributistas must be recategorized.
In addition, Economy will announce a credit scheme for the sector with annual nominal rates of 43% (negative in real terms) subsidized by Fogar.
Source: Ambito
