The Government enacted changes to the Income Tax. The initiative that modifies received the support of 38 votes last night, contributed by the Frente de Todos, its allies and Unidad Federal.
Profits are law: the Executive enacted the changes in the tax
From his Twitter account, the Minister of Economy, Sergio Massa, reported that the modification to the Income Tax has already been enacted. The Senate approved on Thursday the elimination of the fourth category of Income Tax that affected salaries of more than 700 thousand pesos.
With the presence of the Vice President of the Nation, Cristina Fernández de Kirchner, who came down to the premises at the time of the votethe initiative that modifies the Income Tax received the support of 38 votes last night, contributed by the Frente de Todos, its allies and Unidad Federal,.
While Together for Change demonstrated with 27 votes against, which generated general uproar in the boxes populated by union members, among whom were Pablo Moyano and Sergio Palazzo, who instantly began to sing the Peronist March.
The Income Tax reform bill aims for the changes to be implemented from 2024 and, among other issues, seeks the elimination of the fourth category of the tax and the creation, in its replacement, of a scheduled tax that establishes the payment of the tax only for income greater than 15 minimum monthly salarieswhich today represent more than 1,770,000 pesos, but it would reach 2,000,000 pesos with the adjustment to be debated next week at the Salary Council meeting.
This new tax will have a progressive rate on the surplus, ranging from 27% to 35%and which will be updated with the value of the minimum wage twice a year.
So, Only 88,000 taxpayers will pay Profitsless than 1 percent of total salaries, retirements and pensions, according to official calculations.
The project does not include highly responsible positions in companies, such as directors of public limited companies, CEOs, managers and assistant managers. Pensions for privilege and political officials are also excluded.
For employees in a dependency relationship, retirees and pensioners who live in the provinces of La Pampa, Río Negro, Chubut, Neuquén, Santa Cruz, Tierra del Fuego and the Buenos Aires district of Patagones, there will be special treatment.
Source: Ambito
