The Government made changes this Friday in the social monotaxwhich aims to promote the insertion of independent workers in the formal economy and access to equal opportunities.
What is social monotax
This tax regime allows precarious workers register as taxpayers and thus have the possibility of issuing invoices, accessing the social work benefits of the national health system and enter the pension system. In addition, it is an alternative compatible with AUH and retirement.
After the modifications that were introduced last Tuesday, September 5, this Friday the Government made more profound changes to benefit taxpayers.
What are the changes that were introduced to the social monotax
- The amount of the social inclusion fee is reduced from 2.5% to 1% of the total amount of the invoiced operations or 25% of the monthly contribution to the Argentine Integrated Pension System (SIPA), whichever is lower, during the first 36 months of joining the regime.
- The Independent workers will be exempt from making payments when they carry out agricultural activities or are members of work cooperatives.
- Independent workers who have opted to join the National Health Insurance System must enter the contributions destined for said system by using the payment credential.
- Small taxpayers affiliated with the category B of the Simplified regimen (RS) who meet the applicable conditions of the Social Inclusion and Promotion of Independent Work Regime may choose to enter.
- The deadline for Payment of the planned contributions is deferred until February 20, inclusive, immediately following the end of each calendar year.
In turn, the resolution 5415/2023 that introduces the modifications, specified that it will be the Ministry of Social Development that will finance “the difference in the pension contribution destined to the Argentine Integrated Pension System (SIPA) for promoted independent workers who, in turn, are registered in the National Registry of Workers of the Popular Economy (RENATEP)”.
These modifications are intended facilitate entry and maintenance in the formal economy of promoted independent workers, reducing your mandatory charges and generating greater access to social security benefits.