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How will the treatment continue in Parliament?

How will the treatment continue in Parliament?

With the unanimous approval of the Senate, the discussion of the project remains in Deputies, where a similar result is expected.

After the unanimous approval of the reduction of personal income tax and IASS in it Senatetomorrow Wednesday the Deputies Finance Commission will receive the government’s economic team to approve the project. Once approval is obtained there, it will go to the compound of the Chamber of Deputies. If sanctioned, it must finally be promulgated by the Executive power.

The Finance Committee of the Chamber of Deputies is currently chaired by Gustavo Olmosof the broad front (FA), and made up of ten other members, as well as seven other delegates from various parties. The meeting with the representatives of the Executive Branch is expected to be brief.

Among the members are Adriana González, Álvaro Lima, Julio Kronberg, and Sebastián Valdomir for the FA; Gonzalo Mujica, Wilma Noguez, and Álvaro Viviano for the National Party (PN); Conrado Rodriguez of the Colorado party; Alvaro Perrone Cabrera of Town meeting; and Iván Posada of the independent party.

Despite the fact that a heated debate is expected in the Chamber of Deputies, a quick treatment is also expected there, without going into the details of the initiative, the same as in the Chamber of Senators, where despite criticism from the FA, 28 of the 28 senators present voted positively.

After approval in the lower house, the only thing left to make the measure fully official is the promulgation of the Executive Branch.

When does the discount start to take effect?

The PN senator, Jorge Gandinispecified that the application is immediate once the bill sent to the Parliament. In turn, he added that “the month after (the approval of the law) retirees and workers will see the result immediately in their pockets, especially those who have less income.”

It is necessary to take into account that the IRPF and the IASS are settled annually and that at the end of the year the return of what was contributed in excess in the months prior to the change will be carried out, which would ideally be January, February and March. “They are going to settle at the end of the year, and it will be returned to them at the end of the year because these first months of the year they pay for a higher amount, and since it is an annual tax, it is discounted at the end of the year and they will be returned ”, detailed the senator.

Source: Ambito

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