Last Friday, Arbeleche expressed that this Tax reduction will be “permanent” and it will be felt over the years “in people’s pockets”. In principle, the initiative would be applied to the lower bands of both taxes. However, it is still unknown how large the cut will be.
A few days ago, at the presentation of the new economic projections of the Uruguaythe hierarch had highlighted the “fiscal responsibility” of the government, as well as “the prudent and responsible management of public finances”, points for which the Executive Power will allow itself to advance in this fiscal relief.
During the President’s speech before the General Assembly there will be no militants outside. The National Party (PN) resolved not to call for mobilization in the vicinity of Parliament. In any case, those who wish to approach spontaneously may do so.
What are the taxable minimums and what are the IRPF and IASS ranges?
Since the last update of the Benefits and Contributions Base (BCP) last month, the taxable minimum of the personal income tax became of 39,620 pesos per monthwhile that of IASSwhich is of annual liquidation, of 543,460 pesos per year –45,280 pesos per month–.
Meanwhile, the stripes of the personal income tax and their respective rates were as follows:
- Of 39,621 pesos to 56,600 pesos: rate of 10%
- Of 56,601 pesos to 84,900 pesos: rate of fifteen%.
- Of 84,901 pesos to 169,800 pesos: rate of 24%
- Of 169,801 pesos to 283,000 pesos: rate of 25%
- Of 283,001 pesos to 424,500 pesos: rate of 27%
- Of 424,501 pesos to 650,900 pesos: rate of 31%
- Of 650,901 onwards: rate of 36%.
by the side of IASSthe tax levied on retirements was left with these scales:
- Of 543,460 pesos to 1,018,800 pesos (84,900 pesos per month): interest rate 10%.
- Of 1,018,801 pesos to 3,396,000 pesos (283,000 pesos per month): interest rate 24%.
- Of 3,396,001 pesos onwards: rate of 30%
Source: Ambito
