Daniel Puncturo
01/08/2021 8:57 AM
Clarín.com
Economy
Updated 01/08/2021 9:21 AM
A short time after the Simplified Regime Reform Project (RS) or Monotax was presented, a number of questions arise regarding specific aspects of its application.
What is clear is what the objectives were and what are the benefits (or not) for taxpayers.
goals
The fiscal objectives are:
1) T
make the commercialization
chain (value chain
)
transparent with
respect to tax debits and credits.
The existence of the monotributista distorts that pure chain that occurs with everyone being registered responsible.
2)
Avoid handling billing
by the taxpayer ("fiscal dwarfism").
The taxpayer manages the billing in order not to pass the category or not to exceed the maximum limit of the category.
For the taxpayer it is a comfortable regime.
It pays a monthly fee and is recategorized every six months.
3) As a consequence of the previous point, if the monotributista ceases to control the ceiling of its sales and the transfer to the general regime is facilitated, the AFIP can
increase collection and improve control.
4) Solve a problem for the taxpayer in excess: the traumatic transfer from the simplified regime to the general regime (RG).
The Project softens the transfer
due to exclusion (income above the category cap detected by Afip) and encourages voluntary transfer by granting benefits for this purpose.
The transfer by exclusion means paying VAT and Profits under the regulations of the general regime.
In the case of VAT, no tax credit deduction was allowed for purchases made.
Obviously, the taxpayer did not have supplier invoices with discriminated VAT.
The reform foresees accepting the theoretical tax credit (presumed) contained in purchase invoices without discriminated VAT, which is why it
significantly reduces the amount to be paid for the amount exceeded.
Benefits
Regarding benefits, the main one is the reduction in VAT to be paid to the AFIP in the first three years in the General Regime (50%, 30% and 10%, in each year.
The taxpayer who was excluded from the Monotax benefits from the recognition of tax credits.
Those who voluntarily join the RG benefit from the reduction in VAT paid in the first 3 years.
How unfavorable aspects (and it is not a minor fact) is harmed
with a greater administrative and tax burden
that translates into a labor cost / fees that must be assumed.
You must submit Digital VAT and the monthly VAT affidavit and annually the Income Tax affidavit.
Now, the most complicated part remains and it is the evaluation of the convenience (or not) with respect to the voluntary transfer.
In Monotax it is a fixed amount and is independent of the profit margin.
In the General Regime, what one must pay for Income Tax depends on the profit margin and expenses.
VAT is neutral (I charge with VAT, I discount what I paid and the balance I pay to the AFIP).
It must also be taken into account that these costs and expenses (the percentage proportion) vary over time and the model or scheme that one can put together to evaluate is an approximation, but it is not exact.
Monotax vs.
General scheme
For the purpose of establishing a comparison between both regimes, it is assumed that the Monotax income would be VAT included in terms of the RG, which is why the adjustment is made for its comparison with the RG.
In addition, a typical cost structure is established, which is taken as a model for the example and which, adapted to the cost structure of each taxpayer, can be used for comparison in each particular case.
v 1.5
Monotax vs.
General Regime
Infographic:
Clarín
(A) - VAT is neutral, it is not cost, which is why it does not affect profit.
(It is charged, it is paid to the provider and the balance goes to AFIP).
The VAT reduction benefits that constitute a utility for the Registered Responsible remain to be computed.
It is expressed then as it would be from the fourth year, that there is no VAT reduction.
(1) In the Monotax there is no tax debit but it is part of the total sale price charged by the taxpayer.
There is also no tax credit but you must pay your suppliers with prices including VAT.
The difference between the "tax debit" collected and the "tax credit" paid to suppliers is left to the taxpayer in the RS.
In exchange for this is that you pay the monthly integrated tax as it replaces VAT and Income Tax.
(2) Net Income - Income Tax
(3) Net Profit + “Tax Debit” - “Tax Credit” - Annual Payment Monotax
- For the calculation of Income Tax, it was considered:
a) 5% deduction on net profit for prepayment
b) the Non-Taxable Minimum and the special deduction for the year 2020. No deductions for family charges were considered.
Deductions for self-employed pay were considered
- The RS has the retirement contribution of $ 2,615 (updated 2021) for category K and the value for the RG in Self-Employed is $ 3,419 (Category I Table III) - The simplified RS provides for payment for social work and the RG does not.
NE
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