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Changes in Earnings: how it impacts the 230,000 retirees and pensioners reached by the tax

2021-02-10T13:22:25.821Z


Unlike what happens with workers, the non-taxable minimum will be updated every three months and from which they will pay is higher.


Ismael Bermúdez

02/10/2021 10:03

  • Clarín.com

  • Economy

Updated 02/10/2021 10:03

If the Earnings project is approved,

130,000 retirees and pensioners of the ANSeS will stop paying the tax and another 30,000 will pay less

.

And it is estimated that it will also reach another 70,000 beneficiaries of the Provincial Savings Banks not transferred to the Nation and other special regimes

.

In total 230,000 people.

The scope and impact of the project among retirees and pensioners are different from those of workers dependent on the public and private sector.

Unlike the "floor" of $ 150,000 for wage earners in a dependency relationship, for retirees and pensioners, the project directly raises the minimum non-taxable (MNI) from 6 minimum assets - today of $ 114,212 - to 8 minimum assets, equivalent to $ 152,282 per month.

This amount exceeds the current maximum amount of the system, which is equivalent to 6.7 minimum assets.

Meanwhile, while the floor of $ 150,000 will be updated once a year, the non-taxable minimum of the retirement system 

is adjusted every three months

, in March, June, September and December.

Thus, with the application of mobility, in March

there will

automatically

be a rise in the pension NMI

accompanying the increase in assets.

In contrast, among workers, a salary increase can lead to more than $ 150,000 gross.

Another difference is that retirees and pensioners who will receive more than 8 minimum salaries will pay less in Earnings, while dependent workers who receive between $ 150,001 and $ 173,000 gross will pay less, but above that figure they will continue to pay in Earnings the same as up to now.

This is so because the MNI and other deductions for employees are not modified but rather a "floor" is added for the purposes of calculating the tax.

“This bill leads to the fact that only 0.4% of all retirees, retirees, pensioners and pensioners will continue to pay Earnings and will also pay less for the increase in the Non-taxable Minimum.

This is very important because it is

money that will be turned over to internal consumption,

thus moving the virtuous circle of the economy, directly and indirectly helping all economic activity in Argentina ”, assures the head of ANSeS, Fernanda Raverta.

For his part, the taxpayer Daniel Lejtman clarified that currently the special non-taxable minimum of 6 minimum wages “is not considered when the retiree or pensioner has any other type of income (for example, if he works in a dependency relationship), nor nor when you pay for Personal Assets, unless the only thing you have is your Home ”.

NE

Look also

Registered employment is backtracking: monotributistas and self-employed, the most affected

Changes in Earnings: they begin to deal with the project this month, which was endorsed by Cambiemos

Source: clarin

All business articles on 2021-02-10

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