From the government of the City of Buenos Aires, it is estimated that almost 40,000 people are able to access the benefit announced by the head of Government, Jorge Macri.
A total of 37,000 retirees and pensioners would be able to access an exemption from the Real Estate Tax/ABL this year of the City of Buenos Aires (CABA), according to estimates from the Buenos Aires government. The measure was announced by the head of the local Executive Branch, Jorge Macri.
One of the requirements that the person who aspires to obtain the benefit must take into account is that their house does not have atax situation exceeding $40 million. It can be checked on the tax payment slip.
On the other hand, the person You will not be able to earn more than the equivalent of four minimum pensions, which adds up to just over $1 million per month.
The measure had already been approved by the Buenos Aires Legislature. Strictly speaking, what was announced by the Buenos Aires government is an extension of the benefit. The person who considers that he meets the requirements You have to request the exemption before the General Agency of Public Revenue (AGIP), the collection entity of CABA.
The procedure can be done in any way in person or through www.agip.gob.ar, Go to “ABL” and there you will find a field that says “request ABL exemption.”
Retirees
The other measures announced by the CABA government
Likewise, the city government said it will implement other measures:
- Express return of balances in favor less than or equal to $2,000,000 for those who pay Gross Income taxes. It will be done in 96 business hours, when before it took more than three months. It reaches 221,000 taxpayers. It is the first time in history that the City decides to return money to taxpayers in a simple and fast way with a 100% online procedure.
- Exemption from ABL for more retirees and pensioners. There are nearly 37,000 more retirees who will stop paying it if they collect less than four minimum pensions and the tax value of their house does not exceed $40 million. This exemption also applies to people with disabilities.
- Exemption and reduction of Gross Income Tax rates for non-professional services such as plumbers, electricians or hairdressers, among many other trade workers. It is a project presented in the Legislature that will benefit almost 138,000 taxpayers. All categories will have 100% exemption if they invoice below $6,450,000 annually.
- 0% rate on stamp tax on rental contracts with commercial and tourist destinations. In this way, all rentals are exempt, because until now only those for housing were exempt.
- The stamp rate will also be zero for vehicle leasing operationsand the adhesion and assignment of quotas of real estate development trusts, to facilitate access to housing. The purchase and sale of a family home under $205 million is exempt from stamp tax.
- A bill will be presented to join the National Incentive Regime for Large Investments (RIGI) and national money laundering.
- With ARCA, work is being done on the simplified regime that unifies local taxes with the National Monotax. It benefits 210,000 monotributistas.
- A bill will be sent to the Legislature that contemplates a Plan for regularization of administrative and judicial debts of all taxes collected by the City (ABL, patents, Gross Income, stamps) with remission of compensatory and punitive interests.
Source: Ambito
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