September 14, 2023 – 19:46
Changes in Profits, increase in the non-taxable minimum, fixed sum and relief for monotributistas are some of them. Below, a review of each item.
In the last weeks, Sergio Massa announced a battery of economic measures in order to rebuild the purchasing power of the salary and recover the agenda for the presidential elections on October 22.
In this way, the Minister of Economy and presidential candidate of Unión por la Patria (UP) seeks to regain prominence after the setback in the PASO in August.
Elimination of the fourth category of Profits, refund of Value Added Tax (VAT) and the increase in the non-taxable minimum are some of them.
What are the 22 measures announced by Sergio Massa
VAT REFUND FOR THE BASIC BASKET
- Buy Without VAT, the program that returns 21% of the VAT on Basic Basket products to millions of Argentinians.
- To the retirees and AUH beneficiaries who today receive a refund of up to $18,800 per month, there are also all monotributistas, employees in a dependency relationship with incomes of up to 6 minimum wages and Workers of the Private Home Personnel Regime.
- The food reinforcement of the PAMI beneficiary program is increased to 15,000 pesos per month for almost 3 million people, and starting Monday, workers will have a credit program of up to 400,000 pesos.
ELIMINATION OF INCOME TAX FOR WORKERS AND RETIREES
- Modifications to the Income Tax: workers and retirees will no longer pay the fourth category Income Tax.
- Only managers and directors who earn more than 1,770,000 pesos will pay the tax. Measures of the Ministry of Economy.
- The modification promoted by Massa implies that only the highest incomes greater than 15 monthly Minimum Vital and Mobile Wages will be covered by the tax, that is, management, directors of companies, qualified positions, retirements and privilege pensions and political positions (Secretaries of State onwards).
- Only 90 thousand taxpayers will pay the Higher Income tax, which represents 0.88% of the total registered jobs in the country.
NEW EDUCATIONAL FINANCING BILL
- A bill was presented that increases the State’s educational investment, bringing it to 8%. It proposes an educational model with an annual school cycle of 190 or more days of class, a minimum of 25 hours per week for all and full-time for at least 50 % of students.
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- Expand connectivity with the delivery of technological devices and robotics and programming classes, universalize 3, 4 and 5-year-old rooms and begin coverage processes for 2-year-old rooms in kindergartens, double enrollment in technical schools and a greater offering of university and pre-university careers in line with strategic development. Measures of the Ministry of Economy.
ZERO WITHHOLDINGS FOR REGIONAL ECONOMIES
- Elimination of export duties for products and by-products of Regional Economies to prioritize job creation and boost the competitiveness of agri-food chains.
- Fiscal relief for producers throughout the country after a historic drought.
- An export increase program was also promoted, which will allow 25% availability of foreign currency to buy soybeans to process and maintain jobs in industrial plants.
LIBERATION OF THE IMPORT SYSTEM OF THE ARGENTINE REPUBLIC
- The Import System of the Argentine Republic (SIRA) is released to guarantee the employment of SMEs and continue exporting Argentine work to the world.
- More than 7,400 SMEs will receive approval of their SIRAs for an amount of 700 million dollars for the provision of spare parts, intermediate goods for production and consumption.
Preview 2023
FIFTH EDITION OF THE PREVIEW
- It has refunds of up to 70% and a maximum limit of 100,000 pesos for those who decide to travel through the country from September 29 to October 17 and who upload their invoices until September 8.
BONUS FOR RETIRED AND PENSIONERS
- In the case of retirements and minimum pensions, a bonus of $37,000 per month was defined for the months of September, October and November.
- In this way, a retiree who earns the minimum in September will receive $124,460, between her salary and the reinforcement. With these increases, the minimum retirement will reach a 138% annual increase.
- In order to continue taking care of the purchasing power of our retirees and pensioners, loans of up to $400,000 were also promoted in 24, 36 or 48 installments with a subsidized rate of 29% annually. The measures for this sector will reach 7.8 million people.
FIXED SUM FOR PUBLIC AND PRIVATE SECTOR WORKERS
- For private sector employees, a one-time non-remunerative fixed sum of $60,000 was promoted, payable in two monthly installments in the months of September and October (absorbable by joint ventures).
- It will reach workers with net salaries of up to $400 thousand per month.
- In the case of public sector employees, a one-time non-remunerative fixed sum of $60,000 is granted, payable in two monthly installments in the months of September and October (absorbable by joint ventures) for workers with net salaries of up to $400,000. monthly. It will benefit up to 390 thousand workers.
Domestic workers
Getty Images/iStockphoto
REINFORCEMENT FOR WORKERS IN PRIVATE HOUSES
- A one-time reinforcement of $25,000 will be granted in two monthly installments, proportional to the hours worked.
- In the case of employers with income of up to $2,000,000 per month, the State will reimburse 50% of the reinforcement, which will benefit 424 thousand people.
FAMILY CREDIT PROGRAM
- A family credit program was announced at a subsidized rate through ANSES, which consists of a line of credit for workers of up to $400,000 in 24, 36, or 48 installments.
- Fees may not exceed 30% of monthly income and funds will be deposited to a bank credit card within 5 business days.
- The interest rate equivalent to 50% of the current bank financing rate. There will be 3 months of grace and discount on salary receipt.
TAX RELIEF FOR MONOTRIBUTISTS AND PRODUCTIVE MONOTRIBUTE
- The implementation of the Productive Monotribute was announced, which lowers the cost of the monthly fee and promotes the formalization of independent workers.
- For categories A, B, C and D of the Monotributo we are going to promote the deferral of the payment of the tax component for 6 months. Loans of up to $4,000,000 (depending on the category) were also announced at an interest rate equivalent to 50% of the market rate and up to 24 installments.
EXPANSION OF THE CREDIT LINE CREATE
- It was decided to expand the credit line and increase the rate bonus for the CREATE line.
- Also, promote a single financial file, to improve access to credit for SMEs so that they continue producing and generating employment. Likewise, a line of credit of USD 770 million was announced for the pre-financing of exports.
REINFORCEMENT IN THE FOOD CARD AND IN THE PLANS TO PROMOTE WORK
- The Alimentar Card will have a one-time reinforcement in two monthly installments based on the number of children in the family. In this way, families with one child will receive $10,000; with two children $17,000; and with three children $23,000.
- Increases the amount of the card by 30% after the additional reinforcement to benefit 2.4 million people.
- There will also be a one-time reinforcement in the Work Boost Plans of $20,000, payable in two installments in September and October.
- This measure will benefit 1.3 million people who participate in this plan that seeks to promote social inclusion.
EXTENSION OF THE BRIDGE TO EMPLOYMENT PROGRAM
- To continue transforming social plans into registered employment, it was decided to extend the Bridge to Employment program for the agricultural sector.
Consumption Inflation Dairy Gondolas Basic Basket Supermarket
Mariano Fuchila
PRICE AGREEMENT WITH 425 MASS CONSUMPTION COMPANIES
- Price agreements were reached with 425 companies that will accompany the new Fair Price agreements on 50,000 mass consumption products, widespread supplies, footwear, clothing, white goods and small appliances, cell phones, medicines, fuels, home and construction, and Motorcycles.
NEW PRICE AGREEMENT WITH AUTOMOTORS
- The Government reached an agreement with the automotive companies so that each terminal selects a 0 km model that will maintain its fixed price until October 31.
PREPAID MEDICINE PRICING AGREEMENT
- Prepaid medicine for families with up to 2 million pesos in income will have their health service frozen.
- This price freeze will be for 90 days and will guarantee that Argentine families can continue accessing healthcare without affecting their pockets.
FUELS PRICE FREEZE
- It was agreed to freeze the price of fuel until October 31.
INAUGURATION OF CARE INFRASTRUCTURE WORKS
- Care Infrastructure works were inaugurated in different provinces, which are part of a federal National Development Plan. This Network today has 971 works and projects.
AGREEMENT FOR CLIMATE ACTION
- Commitment to the public-private Climate Action Platform, which defends life, the environment and sustainable development as central values in the construction of our society.
Néstor Kirchner Gasduct.jpg
Sebastian D. Penelli
TENDER FOR THE REVERSION OF THE NORTH GAS PIPELINE
- The tender for the Reversion of the Northern Gas Pipeline was launched, which will generate annual savings of 1,960 million dollars and export gas to the countries of the region.
- The work, which includes the construction of the gas pipeline between Tío Pujio – La Carlota and expansions on the Gasoducto Norte, has an investment of 710 million dollars, will create 15,000 direct and indirect jobs and will come into operation next winter.
PRESENTATION OF THE NEW UIF AND THE AUTOMOTIVE ALERT SYSTEM IN SANTA FE
- Investment in the Automotive Alert System, which integrates SUBE with 911, so that every Rosario man and woman travels safer on public transportation.
- The aim is to combat front companies and the laundering of money generated by the sale of drugs.
Source: Ambito
