The companies They will have problems making the June payroll settlements If the Federal Public Revenue Administration (AFIP) does not speed up the regulation of the new Income Tax in the next few hours. That’s because while the agency can publish new applications and scales, companies can barely They would be running out of time to adapt their systems to the new framework..
This was stated by the CEO of SDC Tax Advisors, Sebastian Dominguezwho indicated that there would be “little time” even if the resolutions were to be published imminently.
Dominguez indicated that “Companies that pay at the end of the month would have to re-settle the June salarythe Annual Supplementary Salary (SAC) and the July salary that is paid in August.”
In addition to this, the body that directs Florencia Misrahi, must also publish the regulations of the special deduction so that workers do not suffer salary deductions for salaries from January to May. That is because the law was passed retroactively to the first day of the year.
In case the regulation is not announced in sufficient time It may be the case that companies have to make double withholding the following month. Domínguez considered that the tax collecting agency should regulate a discount on installments.
The Government promulgated the Bases Law and the Fiscal Package last Monday, so both laws came into force after publication in the Official Gazette.
The restoration of the fourth category Income Tax will imply that something more than 800,000 employees are once again forced to pay cuts by their employers every month.
The new law, however, has some improvements over the previous one, such as: greater progressiveness of aliquots and a significant increase in deductions.
Some of the main points of the restored tax
The new law increases personal deductions between 183.75% and 186.65%. There are no changes regarding the special deduction for certain retirees and pensioners, which remains at 8 guaranteed minimum wages. In addition, a special deduction is incorporated to include the Christmas bonus.
Scales are updated
The scale sections are increased by between 186% and 443% compared to the scales currently in force.
How scales and deductions will be updated
The tax package establishes personal deductions and tax brackets They will be adjusted semi-annually, starting in 2025, in January and July due to the variation in the Consumer Price Index (CPI) prepared by INDEC corresponding to the calendar semester that ends in the month immediately preceding the update being carried out.
Exceptionally, in September 2024, they will be adjusted personal deductions and the tax scale sections for the variation in the CPI corresponding to the months of June to August 2024, inclusive.
Source: Ambito
