He Simplified Gross Income Regime (RSIB) of the Autonomous City of Buenos Aires has always been presented as much more limited than other similar regimes and very far from the national Monotribute.
Its parameters, particularly that of annual gross income, reach a small universe of subjects, who, due to the incidence of inflation on prices, are expelled from the regime with some regularity. The thing is that an annual update was recognized for the parameters when the modifications to the Tax Code and Tariff Law for each fiscal year.
These values remain without adjustment for a period of 12 months generated a lack of adaptation to the economic reality with which it must be confronted every four months at each expiration for recategorization if there are changes in the subject’s situation.
The sanctioned changes: what they are about
With great delay in recognizing this discrepancy, the Buenos Aires legislators sanctioned the Law 6,721 introducing modifications to the Tax Code and the Tariff Law for 2024, in order to recognize the need to update the parameters.
The RSIB currently has 8 categories, the first of the changes provides that as minimum It has 8 categories and empowers the Government Administration of Public Revenue to annually adjust the ranges of the taxable bases when changes occur in the National monotaxas provided by the reform introduced to the Tariff Law.
In other words, The adjustments in the RSIB go in parallel with those applied at the national level.
On the other hand, the amount applicable to the maximum category is updated, taking it to $11,916,410.45 of $7,996,490.00. The new category scale taking the new maximum amount has not yet been announced.
The other amount that is updated is the one referring to the maximum sales amount for movable items, setting it at $180,589.67, before $85,627.66.
Validity and application
The Law 6,571 came into effect on the day of its promulgation, which occurred on June 7, although it was published in the BOCABA of the June 14, 2024.
The last deadline for recategorization of the regime expired on may 31 so that they will only be applied for such purposes in the month of September, the month in which the next quarterly period operates to evaluate whether or not they should be recategorized.
Once the modified table with the updated parameters is known, it will be considered for new registrations to the regime.
Source: Ambito
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