The thing is, Next month, conditions will be defined for the payment of the 2024 tax which will not be able to be modified until next year, when the tax scales are updated again.
The importance of this also lies in the fact that some problems can be resolved. problems that occurred throughout the year with the fourth category Income Tax.
On the one hand, Restitution is from July 1st, but retroactive to January 1st. As the Federal Public Revenue Administration (AFIP) delayed the launch of the applications, there were companies unable to make the withholdings on the salaries that were collected in August or They did so on the basis of an estimate.
On the other hand, there is the case of those who paid the Cedular tax for salaries of more than $2.1 million (after the elimination of Earnings in 2023). It may be that, with the new conditions, they have overpaid.
If companies did not make withholdings last month and applied estimated amounts, Corrections will have to be made with the August settlement, which will begin in the next few days. For this reason, tax advisors recommend that employees keep your deductions up to date, since the tax will be determined correctly.
It must be remembered that Employees who are paying again (about 800,000) this year would technically have a debt with the AFIP which is why they did not pay between January and June, something that was remedied by applying a special deduction.
Maximum deadline for submitting deductions
Sebastian Dominguez, partner at SDC Tax Advisors, He explained that the deadline for submitting deductions is March of next year, “but It is convenient to keep them updated.”
“To apply the accrued tax from January to Julycompanies already They should have calculated this last month. But, assuming they couldn’t apply it in JulyThey are going to do it in August”, he said. Dominguez explained that “companies will have to take the form presented by the employee” and that The deadline for this “will depend on each employer.”
“That depends on each company’s settlement system and its deadlines. If the calculation is not done now, even if data is presented from January, it will not be done again until the annual settlement of next year.” explained. In other words, the employee will be left with a higher determined tax of what he would have had to pay this year if he had had his data up to date.
What happens with the Cedular tax
In the first half of the year, The tax was paid from $2.34 million, because the Cedular established a non-taxable minimum of fifteen minimum living and mobile wages. As, with the new tax, The scales and rates have changed, it is likely that an employee has overpaid depending on the new conditions and the company has to compensate for that difference going forward.
Among the deductions that can be taken into account are: wife and children under 21 years of age. Added to this were rent payments of up to 40%, prepaid medicine, mortgage interest, domestic service, doctor’s fees, education expenses and life insurance premiums.
Source: Ambito
