Ismael Bermúdez
02/22/2021 6:00 AM
Clarín.com
Economy
Updated 02/22/2021 7:42 AM
The Toyota case once again brought into question the impact of the income tax on the worker's pocket salary when he works overtime.
Depending on the days, the discount can be 10, 20, 30% or more on the additional income that the overtime generates for the worker.
Is that overtime is considered for the calculation of withholdings in the Income Tax as it is an income of the worker.
But they
have a special tax treatment
depending on when they are carried out.
Thus, according to Law No. 27,346, approved in December 2016, the difference between the value of the overtime on non-working days, holidays and weekends and the value of a normal or ordinary hour is exempt from paying income tax. .
This means that the exempt part is only on the plus that is applied in overtime over normal time on those days determined by law.
On the other hand, in overtime on weekdays, the tax is applied
on the entire income,
except that the additional is not considered to go up the scale and pay a higher rate, so that income is taxed by applying the previous rate to be incorporated. overtime.
In other words,
these overtime pay taxes but they do not cause scale leaps
, explained tax expert Marcelo D. Rodriguez, from MR Consultores.
Those aliquots range from 5 to 35%.
Thus, for example, if a worker earns $ 500 an hour, and for working an extra hour on the weekend, he receives a 100% bonus - in total $ 1,000 - the first $ 500 (normal hour) is taxed on Earnings and
the extra $ 500 They are exempt from the tax.
The non-business day is determined by the schedule of the working day that each worker performs.
For example, if you work from Wednesday to Sunday, the exempt portion is what you get for working on a Monday or Tuesday.
That is why
when working overtime it is advisable to do the accounts very well
, especially in the case of workers who are affected by the Income tax.
In many activities they do them and in unions such as oil, tire, steel, banking, insurance, metallurgical, mining, workers in many cases
do not accept overtime
, impacting the production plans of the companies.
The following are some examples - prepared by tax attorney Daniel Lejtman, of Lisicki, Litvin y Asociados, of
how it impacts worker income.
- A
single worker, without children, who earns $ 100,000 net
or out of pocket (after retirement and health withholdings), will have $ 3,302 per month deducted for Earnings.
If you work overtime on weekdays, and earn an additional $ 10,000 net per month, they will deduct $ 5,595 per month.
So instead of the $ 10,000, you will charge $ 7,707.
They are $ 2,293 less ($ 5,595 - $ 3,302), 22.93% less.
Meanwhile, if you work overtime on non-working days, holidays and weekends for $ 20,000 (payment that is made up of $ 10,000 for the normal hour and $ 10,000 for the extra overtime per holiday), they will also deduct $ 5,595.
For those additional $ 20,000, they will deduct $ 2,293, charging 11.46% less.
Another example:
single with no children with $ 150,000 net income
.
If you also work overtime for $ 10,000 per month on normal days, the monthly tax rises from $ 17,776 to $ 21,384: it is $ 3,608 and your income for those overtime hours is reduced to $ 6,392, 36.08%.
And if you work overtime for $ 20,000 (10,000 per normal hour and $ 10,000 per overtime) on non-working days, holidays and weekends, they will also deduct $ 21,384.
For those additional $ 20,000, they will deduct $ 3,608, charging 18.04% less.
- In the
case of a married man with 2 children
, who receives a net monthly remuneration of $ 120,000, the monthly tax to be withheld amounts to $ 2,448.
In the case of receiving an additional $ 10,000 for overtime in business days, the monthly tax increases to $ 4,560.
For those overtime hours, the tax increases by $ 2,112 and for those $ 10,000 you will charge $ 7,898.
21.13% less.
And with an extra $ 20,000 (10,000 per normal hour and $ 10,000 per overtime) on non-working days, holidays and weekends, they will also discount $ 4,560.
For those additional $ 20,000, they will deduct $ 2,112, charging 10.56% less.
Under the hypothesis that he is
married with two children, with $ 150,000
of net income, the monthly withholding amounts to $ 10,034.
But if you receive $ 10,000 per month for overtime on working days, the monthly tax will increase to $ 13,023.
You will have a net additional of $ 7,011 left.
29.89% less.
That discount is reduced to 14.94% with an extra $ 20,000 (10,000 per normal hour and $ 10,000 per overtime) on non-business days, holidays and weekends.
Currently, some two million workers pay earnings in a dependent relationship.
And when it comes to doing overtime, they have many doubts about doing it because,
although they have an additional, it is partially offset by the higher discount for Income tax
.
In March, the Congress will discuss Sergio Massa's project that sets a floor of $ 150,000 in gross salary to start paying Profits.
NE
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