what are the deductions to pay less

For example, as indicated by the agency Productivity bonuses, cash failures, travel expenses and overtime will not have to pay the tax.

Access to the exception does not require extra management by the taxpayer, which implies thatThe rectification of F.572 web should not be carried out if it was already presented.

AFIP clarified that the new tax exceptions They will be applied retroactively and for the entire fiscal period 2023.

employers must reliquidate and reintegrate -if applicable- the deductions in accordance with the limits established by the General Resolution No. 5314/2023.

What are the exceptions

The sums paid as each productivity bonus or the denomination it had and the amounts for each cash failure, are exempt as long as the mobility expenses, travel expenses and each similar compensation are deductible.

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On the other hand, overtime for services provided on holidays, non-working days and weekendsincluding non-working days and weekly rest days (regardless of the schedule), have the exemption for the differential between the value of ordinary hours and the amount of overtime hours or the denomination that they have, taking into account the particularity of each Agreement. Collective Work, for example, hours for rotating shifts.

Who it reaches

The AFIP established that the benefit will only apply to those whose gross monthly remuneration does not exceed $808,124.73, while the annual deduction amount will be up to $180,673.28 for each of these supplements, that is, about $13,898 per month.

What can be deduced

The exemptions applied for salary concepts in the period fiscal 2023 are complemented with all the concepts that can be deducted.

As reported by AFIP, among the deductible expenses in determining the Income Tax are:

• Educational expenses for children under 24 years of age (includes private school fees, school supplies and private teachers), family responsibilities (spouse or cohabiting partner; child and/or stepchild under 18 years of age or with incapacity for work) and the rent of the house-room.
• You can also deduct medical or assistance fees (prepaid), medical fees not covered by the latter,
• The amount paid for the consideration for the service provided by the domestic staff in charge,
• Interest on mortgage loans, insurance premiums that cover the risk of life and mixed death, savings premiums, donations and mobility expenses.

Per diems and travel expenses are exempt from the payment of Profits. other similar compensation paid by the employer, as well as the expenses incurred for the acquisition of clothing and/or equipment for exclusive use in the workplace, among other items.