The head of the Buenos Aires Collection Agency (ARBA), Cristian Girard, explained this week the scope of the extra fee of the Urban Real Estate Tax approved by the Legislature and explained that only 1 in every 10 Buenos Aires residents will have to pay it and it will only impact the items with the highest valuation in the district.
Girard referred to the payment of the tax after inhabitants of the Province began to receive the bills with the increase, given by the extra fee that obtained the green light in the local parliament and defended the measure denouncing the adjustment that Milei submits to the jurisdiction.
Who must pay the extra fee of the Urban Real Estate Tax
In this regard, the management official Axel Kicillof He said that “in short, what it would be is something like that in order not to raise the tax to 91% a little more, an additional was developed for this 9% of the items with the highest valuation in the province and that were included in the last “Real Estate Tax fee as an additional.”
“We had a discussion in the Legislature where the Executive made a proposal for a Tax Law with certain segmented increases where the upper sections corresponded to a greater increase than the one that finally existed, a cap was imposed and the counterproposal at that time that was discussed was to include this additional”, He told the newspaper El Día.
The extra amount began to be received in the fifth installment of the Urban Real Estate Tax, which taxes all properties registered in the Buenos Aires territory, estimated at almost 4.7 million units.
For example, Real Estate installment 1 expired in February for $90,474 and installment 2 expired in April 2024 for $108,568.80, with an increase of 20%. Installments 3 and 4 that expired in June and August did not have increases. But with installment 5, which expires this month, the taxpayer will have to pay $217,434.90, that is, double.
It is settled with five annual installments that expire in February, April, June, August and October. Anticipating a difficult 2024 in collection, Axel Kicillof designed a tax law that contemplated the incorporation of an “extra fee”, to be paid with the fifth annual invoice.
On this point, Girard indicated that “only 1 in 10 owners (the one with the highest valuation property)” and that “the additional fee established in the current law, approved by the ruling party, JxC and La Libertad Avanza” will be paid. .
“This law is a democratically sanctioned tool that allows us, despite the financial suffocation that Milei imposes on the province, to continue supporting the policies that Axel Kicillof deploys to protect those who need it most,” he said on his social networks.
He also commented that the measure is “in line with our progressive vision”, since “the effort falls on those who have the greatest economic capacity, avoiding burdening those who suffer the most brutal adjustment in history.”
It should be noted that the extra payment applies only to the Urban Real Estate Tax and will be charged on both the basic and complementary taxes.
Urban Real Estate Tax Exemption for retirees and pensioners
Months ago, ARBA reported a new exemption from the Urban Real Estate Tax for retirees and pensioners. The benefit reaches more than 40 thousand people who will no longer have to pay the provincial tax.
Regarding the measure, Girard assured: “While Milei’s national government moves forward with adjustments that affect the most vulnerable sectors, the province defends their rights with concrete policies.” Beneficiaries will be able to access the exemption by completing a procedure through the agency’s website.
The measure will reach more than 40 thousand pensioners and retirees. To be able to access the benefit, Buenos Aires residents must meet certain requirements.
In detail, those people who comply with the guidelines established in the Tax Code may stop paying the Real Estate Tax. They dictate that it is necessary to be owner of a single built property intended for family homewhose tax valuation does not exceed $6 million in 2024.
Source: Ambito
