Jorge Macri celebrated the express refund of IIBB balances to taxpayers: “It is now a reality”

Jorge Macri celebrated the express refund of IIBB balances to taxpayers: “It is now a reality”

The head of the Buenos Aires Government, Jorge Macri, announced this Monday that it began express return of the balances in favor of Gross Income for 100 neighbors who started the process last week. The measure will benefit 221 thousand taxpayers. “A few days ago we announced our decision to return the balances in favor of gross income. Today it is a reality,” he said.

The measure, which came into force in recent days, contemplates the refund in 48 hours of the favorable balances for taxpayers who pay the tax to Gross Income in the City. Previously, the same process took three months, according to information from the capital government.

The new online processing modality allows you to speed up refund times. “The new procedure is carried out through the taxpayer portal (self-management) with an accreditation that does not take more than 96 business hours.”they explained from CABA.

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In addition, they highlighted that it is “the first time in history that the City decides to return the balances in favor of Gross Income in a simple and quick way” and pointed out that a A procedure that previously “took months” is now “100% online and is resolved in no more than 96 business hours.”

“Many Buenos Aires residents received the return of balances of up to $2,000,000 in a 100% online procedure and in 48 business hours. And there are more than 220 thousand neighbors who can take advantage of it,” Macri celebrated this afternoon through a publication on the social network “X “, in which he added: “We alleviate the tax burden to simplify your life and make it easier for you to get started.”

Exemption in Gross Income and changes in the ABL, Jorge Macri’s announcements

The changes in the procedure to request the return of balances of IIBB It is part of the package of announcements that Macri made last week, which includes the exemption from 100% of the ABL to retired, pensioners and people with disability, the exemption and reduction of Gross Income (IIBB) to the non-professional servicessuch as plumbers, electricians, consortium administration or hairdressers, among other trades.

In this context, Macri also announced the end of payment of stamps for the operations of adhesion and transfer of quotas of real estate development trusts, to facilitate access to housing. In addition, the 0% stamp tax rate for commercial rentals is added to the already existing zero rate for residential rentals and vehicle leasing operations. The purchase and sale of a family home under $205 million is also exempt from stamp tax.

This afternoon, the Buenos Aires mayor also referred precisely to the implementation of said IIBB exemption. “We implemented the total exemption from Gross Income for those who invoice less than $6,450,000”he said and added that they also applied “gradual reductions from 10 to 35% depending on category for those who exceed that amount.”

“Less taxes and less bureaucracy means more time, more money and more opportunities for neighbors that generate employment. It is to release the energies of local development and accompany the efforts of those who invest, generate employment and make our City grow,” he said last week when announcing a reduction of the tax burden by $305 billion that benefits more than 530,000 residents.

Source: Ambito

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