Almost 955,000 new taxpayers would be added. The difference is that the initial rate in this case would be 5% until it reaches 35%, when the current rate is 27%.
The Senate is debating the modifications to the Income Tax, with the restitution of the fourth category, a modification by which thousands of workers who had stopped paying the tax would do so again. And others who did not pay it before would now be affected.
The Chief of Staff, Nicolas Posse, will be presented this Wednesday in the Senate, although he has already anticipated most of the answers to the more than 1,000 questions he received from the different blocks. There, one of them, It is linked to the Income Tax, an issue that is still being debated within the framework of the Bases law and the fiscal package.
The Senate is debating the modifications to the Income Tax, with the restitution of the fourth category, a modification by which thousands of workers who had stopped paying the tax would do so again. And others who did not pay it before would now be affected.
Profits are one of the issues that complicate the progress of the ruling party’s project. This is a tax that the provinces need to reinforce their income. But it also directly impacts the pockets of thousands of workers. The political cost, for whoever assumes it, will surely be high.
So far there are still doubts about how much the Non-Taxable Minimum (MNI) and deductions will be, as well as whether others will be added. But from the report that Posse will present, it is clear how many people the Government expects to pay Profits and how much it expects to collect.
If the version that was circulated from Deputies last week to the Upper House is maintained, which proposed that single people pay it from $1.8 million gross and married people with two children from $2.3 million gross, Almost 955,000 new taxpayers would be added. The difference is that the initial rate in this case would be 5% until it reaches 35%, when the current rate is 27%.
“The Government estimates that it will collect 0.31% of the Gross Domestic Product (GDP) for this tax (…) Currently, 195,729 taxpayers pay taxes and 1,150,000 taxpayers would begin to pay taxes,” they highlighted in the first management report that Posse will present.
Patagonian governors promote changes in Income Tax
In the midst of the discussion of the Bases law in Congress, Patagonian governors are on alert for the modification in Profits, which would severely affect the citizens of their provinces who earn higher salaries in the oil and fishing industries.
The governors of the southernmost region have been working together since last January, when the original version of the “omnibus law” threatened to take down the fishing industry by opening jurisdictional waters to international bidding.
Source: Ambito
