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what are the key points

what are the key points

The draft fiscal package was entered into the Chamber of Deputies, which includes changes in Profit and the Monotax, in addition to providing for money laundering.

The fiscal package, which the Government had decided to withdraw from the original Bases law, is now called “Law of Palliative and Relevant Fiscal Measures.”

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The Government sent to Congress, with entry by Deputiesthe draft fiscal package, which includes changes in the Income Tax, Monotax, Personal Assets, moratoriums, and provides for money laundering.

The fiscal package, which the Government had decided to withdraw from the original Bases law, is now called “Law on Palliative and Relevant Fiscal Measures“.

The most relevant point of this project is the restitution of the fourth category of Income Tax. If this law is approved, the non-taxable minimum will be $1,800,000 for singles, while for married people with children it will be 2,200,000 pesos.

In its argument, the project maintains that “the Argentine tax system registers one of the highest rates of tax pressure in the world when analyzing the formal sector of the economy. The existence of numerous distorting taxes hinders and marginalizes many individuals, companies and enterprises in the formal sector. According to the text, this “led to a breach of tax obligations by these companies, which greatly damaged tax collection”.

Source: Ambito

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