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The social monotax falls and the quota will increase 700%

The social monotax falls and the quota will increase 700%
The social monotax falls and the quota will increase 700%

The camera Senators approved the Bases law and the fiscal package in the session this Thursday morning. After modifications in committees and in the vote in particular, what will happen to the social monotax?

The objective of the social monotribute is to recognize the realization of various productive, commercial activities and services classified as popular economy. It is a tool compatible with state allocations such as the Universal Child Allowance (AUH), Pregnancy Allowance, minimum pensions and other social inclusion programs.

What does it consist of? In a monotribute that The payment of the tax and pension component is 100% subsidizedalong with 50% of the social work.

The senators approved the corresponding extension this Thursday morning and, within this framework, the quota will increase by 700%.

Fiscal package: how much will people included in the social monotribute pay

If the changes are approved in the Deputies, the monotributistas, who now pay a fee of $3,200, They will pay about $26,000.

It also contemplates modifications with updates in billing maximums that amount to $68 million annually (currently the maximum is $16 million annually) and new rates that would rise according to the categories (the highest will be $375 thousand per month).

Personal assets and Profits: how the rest of the tax keys are

Income Tax

Title 5 of the law attempted to reestablish the fourth category of the Income Tax, the tax on the income of dependent workers, which was eliminated in 2023 by the then minister Sergio Massa.

Finally, the Senate rejected title 5 of the fiscal package referring to the Income Tax. In a particularly close discussion of the norm, legislators voted against the initiative proposed by the ruling party, which restored the fourth category and affected one million workers.

Personal property

The third title of tax package establishes a change in the personal property tax, which taxes the possession of property in the country and abroad. With the new rule, the floor from which a person will be covered by the tax is increased from $27 million to $100 million, modifying the rates.

However, the Senate’s vote in particular eliminated the chapter corresponding to Personal Assets. The Chamber of Deputies must define whether the suppression is effective once the law is enacted.

Source: Ambito

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