The provisions of the tax authority are contemplated in resolution 5,531 published today in the Official bulletinwhich also establishes the mechanism that companies will use to ensure thatThe fourth category replacement will only be applied starting with the July salaries that are received in the first days of August.
Who will pay profits?
The reform approved on June 28 by the National Congress established that Income Tax will be paid in the case of single people on salaries higher than $1,800,000 and, in the case of married people, on salaries higher than $2,200,000. which will mean that some 800,000 employees will have to pay the tax again.
The values from which Profits must be paid They will be updated in September of this year according to the evolution of the Consumer Price Index Published by INDEC and, since 2025, in January and July of each year.
The deductions allowed are for spouses and children, household staff, prepaid medical insurance, rent, mortgage interest, and educational expenses, which allow for a reduction in the amounts deducted from workers’ income tax.
One of the criticisms of the reinstatement of the tax is that Overtime, bonuses, travel expenses, extraordinary bonuses, the bonus, or the differential that the Patagonia workers had were not exempt from Income Tax.
AFIP: how deductions can be reported
When AFIP published the resolution, Workers will be able to report their deductions in the sworn statement form called SIRADIG, which is key for withholding agents to calculate the withholdings they must make.
In order to communicate your deductions, Employees must go to the website www.afip.gob.ar and, After entering the tax code, inform the family members who are in their care and the expenses that can be deducted.
Deductions for children may be reported by both parents, but in this case, it will be necessary to be able to download 50 percent of the authorized value. With the changes in Earnings, Workers will pay the tax on the excess of the Non-Taxable Minimum with rates ranging from 5 to 35%, with values of 3,000 pesos per month and more than one hundred thousand pesos for those who earn a gross salary of 2.5 million pesos.
In addition, the AFIP established the mechanism so that no Income Tax applies in the first half of the year and a system for withholding tax on Christmas bonuses.
In this regard, it was established that withholding agents may add up the amounts actually paid or divide it into 12 monthly parts and include it in the annual settlement.
Source: Ambito
