Income Tax: AFIP confirmed the new withholding values

Income Tax: AFIP confirmed the new withholding values

October 3, 2024 – 09:00

The updated amounts of the AFIP Income Tax law were based on the inflation marked between June and August.

The Federal Public Revenue Administration (AFIP) announced the new scalar and deductions of Article 30 of the law of the Income Tax which will apply to calculate all remunerations that are registered from September 1 to December 31, 2024.

With these changes, the collecting entity confirmed the new amounts of the aliquotswith an increase of 13.5%. This increase was based on the accumulated variable of the Consumer Price Index (CPI) between June and August, derived from inflation calculated by INDEC month by month.

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AFIP: the new scale of rates

Human persons and undivided successions will pay on the annual net profits subject to tax the sums resulting in accordance with the scale of this personal deduction table starting in September:

  • Non-taxable income (GNI): $3,349,797.55 ($3,091,035).
  • Spouse with income below the GNI: $3,154,837.42 ($2,911,135).
  • Child under 18: $1,590,996.02 ($1,468,096).
  • Child incapacitated for work: $3,181,992.04.
  • Special employee deduction: $16,079,028.24 ($14,836,968)
  • Special self-employed deduction: $11,724,291.42 ($10,818,622.50).
  • Special entrepreneur/young professional deduction: $13,399,190.02.

Source: Ambito

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