According to the text you accessed Scopehe Ministry of Treasury and Finance of the City estimates that the total resources for next year will reach $13 trillion 936 billionwith an expenditure of around $13 trillion 926 billion. Approval of the budget will require at least 31 votes of the total of 60 deputies that make up the Buenos Aires Legislature.
CABA 2025 Budget: changes in the ABL calculation
One of the most important changes reflected in the Buenos Aires Budget for 2025 is the one that refers to the ABL items and their calculation. In this way, the tribute contemplates a new methodology to do so “more progressive and equitable“.
The proposal plans to increase 7 to 10 tax scales and will also seek to incorporate a geographical coefficient with zonal bonuses that would mark a limit to the increase. This new calculation will begin to impact the value of the first installment of 2025, compared to the last one this year.
In this way, the capital will be divided into three zones: south, west-center and north. With respect to the first area, the budget update will be 25%. As for the second – which gathers the largest number of ballots – the increase will be 50%. The most affected area will be northwhich will observe a 100% total increase on the ABL ballot.
As an example, a neighbor of the commune of South Barracks that at the end of the year will pay $10,280, with the new proposal it would pay $12,849 (25%) in January, instead of $38,896 (278%) that the tax currently provides. A taxpayer of Northern Horse that in December I pay $41,091, must pay $61,636 (50%) in January 2025, instead of $148,400 (261%). Finally, the person who resides in Puerto Madero and pay $99,882 in December, you must pay $199,764 (100%) in January, instead of $335,450 (236%).
Finally, the project also foresees changes in the ABL payment situation for retirees. In this way, it will take up to $30 million to the amount of the Homogeneous Tax Valuation of the properties of which they are owners as a reference amount to request exemption from payment of the fee.
Currently, the regulations establish that the 2011 Tax Valuation should not be greater than $75,000. The calculation component is outdated, which complicates obtaining the exemption. If the modifications are approved, it is expected that they will add Nearly 10,000 beneficiaries of this tax aid.
CABA 2025 Budget: nnew scales and calculations for patents
Beyond the ABL, the Buenos Aires Budget also foresees changes in the calculation of the vehicle license plates. The CABA administration seeks to restructure the current scheme to advance its progressivenessthrough the readjustment of scales and aliquotsto avoid large jumps between one valuation and the next.
According to current regulations, the difference of just $1 in the value of one vehicle with another can generate a significant increase in the value of the license plate, which could cause the taxpayer to have to pay up to double the tax. “The new proposal generates progressivity from the increase in vehicle valuationdefining a minimum amount on each scale and an aliquot for the surplus,” the Buenos Aires government stated.
As an example, a Fiat Siena model 2015 that has an estimated valuation of $5,984,400will be framed in the section that goes from the $4,909,680 to $11,292,480 Therefore, you will pay an effective rate of 2.03%. During 2024, for the same vehicle, the rate was 3.2%.
If the current calculation is taken, the vehicle should pay $191,500. With the new method, the amount will be $121,543, which represents a savings of approximately $70,000 in reference to the current scale.
Source: Ambito
