Updated 04/20/2021 12:39
11 days after he voted in Congress, Alberto Fernández promulgated the law that modifies the Income Tax on Tuesday and establishes that
those who earn less than $ 150,000 gross
or, if they are retired, less than 8 retirements
will stop paying this tax.
According to official data,
1,267,000 workers and retirees will no longer pay
and those who earn more than $ 150,000 will also have relief.
As the rule is retroactive to January, it was initially expected that employees and retirees would
receive a refund of what they overpaid with their April salary,
which is collected at the end of that month or the first days of May. For the standard to be 100% operational and for those retroactive measures to be applied,
it is now necessary for the regulatory decree and the AFIP resolution to be published
, along with the corresponding application
The Executive Branch has yet to decide
which discount method is going to be applied to those who charge between $ 150,000 to 173,000
, so that there is no jump in the payment of the tax due to a salary increase.
If the regulation is delayed,
companies may not be able to do the numbers to return the difference
with the April salary.
In any case, the refund could be made throughout the month, after the collection of the salary.
What changes with the law
In addition to modifying the non-taxable minimum, which is now $ 150,000, the new law:
* Excludes the payment of the bonus from the calculation.
* In addition, it eliminates the age limit to deduct children for disability.
* Extend the deduction to the concubine / whatever the sex.
* Exempts health personnel from paying the tax for overtime or shifts until September.
* Excludes from the Tax the provision of educational tools for the worker's children.
* There is a specific exemption for the payment of particular supplements for military personnel.
Happy, expectant and angry employees
According to the tax specialist César Litvin, the situation of employees, according to what they earn is divided into those who are happy, expectant and angry.
are those with
net salaries of up to $ 124.50
0, who will stop paying the tax for a time and will return what has been withheld since January.
are those with
net salaries of between $ 124,500 and $ 145,200
and will pay
a little less in
the tax, but it is not yet possible to estimate how much, since it will depend on how the deductions are increased in the regulations.
And finally, the "angry", whose net salaries are greater than $ 145,200.
"They had been paying a lot and they will continue to pay a lot," explained Litvin on his Twitter account.
"They are within the section of the 31% rate, since neither the non-taxable minimum nor the tax tables are modified."
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