Ismael Bermudez
03/18/2021 9:22 AM
Clarín.com
Economy
Updated 03/18/2021 9:41 AM
According to the Congressional Budget Office (OPC), the fiscal impact of the official Profits project represents a
reduction in tax revenues of $ 47,569 million
this year.
It is almost 7% of the collection of last February.
Thus, on average, the changes will generate
an extra income of $ 36,400 per year
to workers and retirees who pay Earnings.
Initially, the original project of the head of the Chamber of Deputies, Sergio Massa, had estimated it at $ 40,000 million.
This impact is broken down into
$ 34,144 million due to the exemption from the payment of Earnings
to retirees, pensioners and workers in a dependency relationship who earn less than $ 150,000 of gross salary and the increase from 6 to 8 minimum salaries of the non-taxable minimum for the retirees and pensioners.
And it rises to $ 47,569 million for the
reduction of the tax
for the more than 225,000 taxpayers with salaries between $ 150,000 and $ 173,000.
In turn, this fiscal cost corresponds to 1,207,760 workers in a dependency relationship for $ 41,542 million and to 99,062 retirements for $ 6,027 million.
On the other hand, according to the rules for the distribution of the proceeds collected by Gains, Nation, Provinces and CABA would absorb or be affected by $ 27,850 million;
ANSeS, in $ 18,816 million and in $ 904 million other public sector organizations.
The Report indicates that this calculation could vary for workers who in the course of the next few months obtain an increase in wages and exceed $ 150,000 or exceed $ 173,000 because in this case
"they will go from being exempt to paying taxes for the entire salary without any benefit ”.
The Report clarifies that the fiscal impact of $ 47,569 million
does not include the latest modifications introduced in the project
, such as the equalization of the deduction for spouse for a common-law wife or common-law partner, childcare expenses for children under 3 years of age, the doubling of the amount for disabled children or the extension until the end of September of the exemption from overtime for Health personnel affected by tasks against the coronavirus.
All these figures represent the direct impact on finances.
They do not take into account the higher tax collection that could arise from the
overturning of a part of the $ 47,569 million to the purchase of goods and services
, with the corresponding increase in taxes related to consumption, such as VAT or Gross Income.
This Thursday afternoon, the plenary of the Budget and Finance and Labor Legislation committees of the Chamber of Deputies could issue a
favorable opinion on the project
.
And next week - Tuesday - there would be a special session to vote on the final project.
NE
Look also
Income Tax: the project incorporates new deductions for employees
Gains: lagnismo takes distance from the official project and qualifies it as a "distorting patch"
