Economía designed a tax simplification scheme that would be applied initially to human beings – professionals, service providers, merchants.
The Government announced that it will send to Congress a bill to create a new simplified tax regime whose beneficiaries will be self-employed whose income does not exceed 15 minimum vital and mobile salaries. The self-employed They were the ones that had been left pending on Sergio Massa’s agenda.
For the Ministry of Economy, the current transition from the monotax to the registered responsible It is “inequitable.” The tax burden of a monotributista with a monthly income of $700 thousand is much lower than the fiscal cost of a Registered manager who invoices $1.2 million monthly.
Although, on average, the effective rate of income tax for the self-employed it is from 14% to 17%, with the new cedular scheme for workers and retirees that was introduced as a bill, and for which they will only pay taxes 88 thousand higher income that exceed 15 monthly SMVM (today $1,770,000), inequalities are increased for the self-employed.
In this framework, the Ministry designed a scheme of “SIMPLE” tax simplification which would initially apply to human persons – professionals, service providers, merchants – who currently serve as self-employed but who do not have monthly income greater than 15 Minimum Living and Mobile Wages.
Currently, 987,000 people are registered as self-employed, according to the following details:
- 1,286 thousand (29%) Directors of public limited companies
- 2,364 thousand (37%) Merchants
- 3,337 thousand (34%) Professionals and Service Provisions
The 286 thousand directors pay the monthly fee of autonomous of social security, but their majority income They are board fees or “bonuses” from companies, which have special treatment both in the income tax as in VAT. For these taxpayers, no modification is being studied since they are a group of high contributory capacity.
Self-employed: what will be the modification for merchants and professionals
For the self-employed traders, professionals and? they provide serviceshe SIMPLE scheme It will imply that those who have incomes of up to 15 SMVM per month (similar limit as that of employees who do not pay Higher Income) can opt for this simplified regime with the following characteristics:
- It will be a different regime than the monotax
- A single monthly payment, covering social security, VAT and Profits.
- Payment will be determined as a percentage of billing.
- It is intended as an intermediate scheme between monotributistas and higher-income professionals and merchants. This will allow them to avoid the “jump” that involves going from monotax to the general regime.
During the week the definition of the bill that will be sent to Congress. However, and to provide an immediate response to the self-employed who are NOT those with the greatest contributory capacity, the following tax relief measures are provided that do not require law.
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Tax relief: what benefits will the self-employed receive from this month
- Reduction of the income tax withholding percentage, which ranges from 5% to 31%, and increase in the minimums from which professional fees begin to be withheld.
- Deferral of VAT payment for the months of September to December 2023.
- Deferral of the payment of monthly contributions of self-employed workers for the months of September to December 2023.
- As in the case of micro businesses, the $60,000 bonus will be absorbed 100% by the State through employer charges.
Economía also clarified that also expanding SIMPLE to the micro and small businesses up to 3 employees.
Source: Ambito
