An IARAF report prepared by Nadin Argañaraz revealed that solely due to the impact of automatic and non-automatic national transfers, The income of the provinces would have fallen between 1.8% and 36.4% in real terms during the first quarter of the year. By Nadin Argañaraz
At one end is CABA, where due to their low incidence, national transfers have a minor impact on total income. In this case, the real drop in the jurisdiction’s total income would have been less than 5% year-on-year.
At the other end is The Rioja, jurisdiction in which Non-Automatic National Transfers have the maximum participation. In this case the impact may have been around 35%, a significant drop.
In the middle are the remaining 22 jurisdictions, with the average being a significant real decline in income.
The pfiscal package would have a net positive effect for the provinces to the extent that the income that may be generated by money laundering is distributed and that the moratorium has reasonable adherence.
Tax package: the main points
The fiscal package also includes a extensive and generous money laundering for up to 100 thousand dollars without penalty with an accession period until April 30, 2025 (extendable to July 31, 2025).
At the request of the UCR, a award to compliant taxpayers of half a point of the rate.
The initiative also includes a tax holiday and customs up to 84 installments and one reduction in personal property tax (with the possibility of advancing payments of the corresponding fees until fiscal year 2027).
Another of the central aspects of the project has to do with the modifications in the monotax billing caps, with increases of between 300 and 330%, and a maximum annual income of 68 million for the highest category. The lowest category (A) will allow billing up to 6,450,000 pesos annually.
Source: Ambito
