The new values for those who adhere to the simplified regime were known, with the tables included in the bill that the Government sent to Congress. How much will be paid in taxes, social work and social security contributions
The Government announced more changes to the tax scheme and news was disseminated that reaches the monotributistas. In the project to modify the Income Tax, which was sent to the National Congress, it is indicated that “it is also necessary to modify the Annex to Law No. 24,977, its modifications and supplements, in order to update certain issues so that the Regime “Simplified for Small Taxpayers is more efficient for taxpayers and the public treasury.”
Article 39 indicates that “the small taxpayer attached to the SIMPLIFIED REGIME FOR SMALL TAXPAYERS (RS) that carries out activities included in subsection b) of the Article 2 of Law No. 24,241 and its modifications, has been framed since its accession in the ARGENTINE INTEGRATED PENSION SYSTEM (SIPA) and replaces the monthly personal contribution provided for in article 11, with the following pension contributions:
- a) Contribution destined for the ARGENTINE INTEGRATED PENSION SYSTEM (SIPA) of $9,800, for Category A, increasing by 10% in successive categories with respect to the amount corresponding to the next lower category;
- b) Contribution of $13,800, destined for the NATIONAL HEALTH INSURANCE SYSTEM instituted by Laws Nos. 23,660 and 23,661 and their respective modifications, of which 10% will be allocated to the SOLIDARITY REDISTRIBUTION FUND established in article 22 of Law No. 23,661 and its modifications.”
Furthermore, the project indicates that the “additional contribution equal to that corresponding to the contribution provided for in section b) of this article, as the case may be, at the option of the taxpayer, to the NATIONAL REGIME OF SOCIAL WORKS instituted by Law No. 23,660 and its modifications, for the incorporation of each member of your primary family group. 10% of said additional contribution will be allocated to the SOLIDARITY REDISTRIBUTION FUND established in article 22 of Law No. 23,661 and its modifications.”
“ARTICLE 22.- Article 52 of the Annex to the Law No. 24,977, its modifications and complementary, by the following: “ARTICLE 52.- The maximum billing amounts, the amounts of rent accrued and the amounts of the integrated tax to be paid, corresponding to each category of small taxpayer, as well as the pension contributions and the amounts recorded in subsection c) of the third paragraph of article 2, in subsection e) of the second paragraph of article 31 and in the first paragraph of article 32, will be updated in January of each year taking into consideration, in each case, the variation of the Consumer Price Index (CPI) provided by the NATIONAL INSTITUTE OF STATISTICS AND CENSUS (INDEC)deconcentrated body acting within the scope of the MINISTRY OF ECONOMY, corresponding to the period of 12 calendar months ending in the second month immediately preceding the update to be carried out.
“The updates provided above will be applicable as of January of each year, and the new values of the parameters of gross income and accrued rents must be considered for the recategorization provided for in the first paragraph of the article 9 corresponding to the second calendar semester of the previous year.”
Furthermore, it empowers the “NATIONAL EXECUTIVE POWER during the validity of the SIMPLIFIED REGIME FOR SMALL TAXPAYERS (RS) to modify the monetary values included in the first paragraph, for all or any of the concepts detailed therein, when the economic situation so advises.”
It is worth remembering that The Federal Administration of Public Revenues (AFIP) extended until February 5 the deadline for the recategorization of the monotax, corresponding to the July-December 2023 semester.
It was established through RG 5480, published in the Official Gazette; the “Extension of the expiration date responds to reasons of tax administration, the needs of taxpayers and the requests made by the representative entities of professionals in economic sciences.”
New monotax categories in 2024
The Government’s Personal Income Tax bill included changes in annual billing in the annual income limits by scales in the monotax if the reform is approved:
- Category A will go from a ceiling of $2,108,288 to $5,000,000, with a jump of 137.16 percent.
- Category B will go from a ceiling of $3,133,941 to $8,000,000, with a jump of 155.27 percent.
- Category C will go from a ceiling of $4,387,518 to $11,500,000, with a jump of 162.11 percent.
- Category D will go from a ceiling of $5,449,094 to $15,500,000, with a jump of 184.45 percent.
- Category E will go from a ceiling of $6,416,285 to $19,750,000, with a jump of 207.8 percent.
- Category F will go from a ceiling of $8,020,660 to $24,250,000, with a jump of 202.34 percent.
- Category G will go from a ceiling of $9,624,193 to $29,000,000, with a jump of 201.31 percent.
- Category H will go from a ceiling of $11,916,410 to $35,000,000, with a jump of 193.71 percent.
- Category I will go from a ceiling of $13,372,213 to $45,000,000, with a jump of 236.52 percent.
- Category I will go from a ceiling of $15,285,088 to $56,000,000, with a jump of 266.37 percent.
- Category K will go from a ceiling of $16,957,968 to $68,000,000, with a jump of 300.99 percent.
AFIP: how to recategorize before AFIP
The AFIP extended the deadline for recategorize into the monotribute. The news implies that until February 5, taxpayers of the Simplified Regime must evaluate the parameters that determine their category as monotributistas and report the changes that occur, in case they correspond to a category different from the current one or, also, if they fall under the general regime.
Those monotributistas that must remain in the same category or have less than six months of activity, They are excluded from the obligation to recategorize and will not have to take any action.
To recategorize before AFIP you must:
- Enter the Monotributo portal with CUIT and tax code
- Select the “recategorize me” option and the system will automatically report the current category and the limits of each parameter. Select “continue recategorization”.
- Then, enter information about the amount billed in the last 12 months.
- With this data, the system determines the corresponding new category, which must be confirmed in the “confirm category” option. Print the new credential.
Source: Ambito
